The Government has directed the officials of CBIC to take a tough step on defaulters and attach their property and freeze bank account on account of failing to file their tax returns. The CBIC issued standard operating procedure which provides “For the purpose of assessment of tax liability… the proper officer may take into account the details of outward supplies available in the statement furnished under section 31 (Form GSTR-1), details of supplies auto-populated in FORM GSTR-2A, information available for e-way bills, or any other information available for any other source, including from inspection.” For accomplishing this, the officials will send a system generated message as a reminder to the defaulters. Also, this message will be sent to the authorised signatories. If an entity fails to comply, an electronic notice will be served to it five-days post the deadline, giving the firm 15 days to file the returns. If further no response is provided then the tax officials have been directed to evaluate the tax liability after taking into account the available data. After that, the officials can begin with the recovery proceedings, as per the SOP, if the entities fail to answer the review order for 30 days, the report states.
GST Return filing: Tax officials can attach property, freeze your bank account if you don’t file on time
Date:
