Desk of CA. Praveen Sharma
Today's Topic: Rule 88C - Most Dangerous Rule for Suppliers
1- Manner of dealing with difference in liability reported in statements of outward supplies and that reported in return.
2-This is likely to affect the taxpayers in case of any inconsistency in filings of GSTR-1 and GSTR-3B.
3-Tax payable as per R1/IFF > Tax payable as per 3B (Amount or %),
4-Intimation shall be sent to the RP of such difference to his e-mail address in Part-A of Form GST DRC-01B.
5-Directing to pay the differential tax liability + Interest ? DRC-03 or Explain with in 7 days.
CA. Praveen Sharma