New Delhi, 21 August T he investigation arm of the Goods and Services Tax (GST) authority has issued over 20,000 notices pan-India for assessment year (AY) 2017-18 to AY2021-22, involving tax demand of over ₹80,000 crore, according to an initial estimation.
The Directorate General of GST Intelligence has shot the notices for a wide range of issues, including alleged shortfalls in tax payment, reversal of input tax credit (ITC), and interpretation of certain legal provision affecting a large number of taxpayers and businesses. Maximum number of showcause notices were time-barred for August 5, for AY2017-18.
The investigation agency was mandated to issue notices at least six months before to the end of the five years. Consequently, notices were sent out before August 5 and final orders are anticipated by February 5, 2025.
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