Section 150: Notice From The Department

Section 150 of the CGST Act 2017 states that certain entities such as taxable persons, local authorities, banks, state and central government authorities, etc. who maintain records of registration, transactions of goods or services, consumption of electricity, property transactions, etc. must furnish an information return in the prescribed format, to the designated authority or agency, within the specified time period.

If the information return is found to be defective, the Commissioner or an authorised officer may give an opportunity to rectify the defect within a period of 30 days or such further period as allowed. If the defect is not rectified within the specified time period, the information return will be treated as not furnished.

If a person does not furnish the information return within the specified time period, a notice may be served upon them requiring the same to be furnished within a period not exceeding 90 days.

Notices may come from the department be like

To,

[Company Name]

[Address] 

Subject: Calling of the information under section 150 of CGST Act, 2017 read with section 21 of UTGST Act.

Whereas under section 61 of CGST Act, 2017 read with UTGST Act, 2017 and the rules made there under, the returns and other documents of taxable period 17-18 of the taxable person has to be scrutinized, so that the return, tax paid and the other documents can be verified. There are reasons to believe that you are in possession of facts or documents and things which are relevant to the above scrutiny.

You are hereby directed to submit the evidence truthfully so such matters concerned and records mentioned in the Schedule for the examination by this office situated at  [Address]  within seven working days of the receipt of the summon.

Schedule

• Complete Balance Sheet, Trading Account of FY 17-18 with closing Stock [HSN Code].
• Trial Balance of the FY 17-18
• ITC ledger of FY 17-18 along with HSN Code.

• Detail of Credit Notes/ Debit Notes issued/received during the FY 17-18 along with HSN Code. [if any]
• Detail of goods imported along with supporting proof. [if any]
• Detail of zero rated supply/ exempted supply/ nil rated supply along with relevant proofs. [if any]
• Detail of goods sent from job work along with details of goods received back after job work. [if any]
• Detail of ITC reversals made during the FY 17-18 along with HSN Code. [if any]
• Bank Statement along with opening and closing mentioned in Bank.
• Details of DRC03 deposited for the FY 17-18. . [if any]
• Form 26AS with Income Tax Return.
• Sundry creditor’s ledger with payment to the creditors.

You are directed to submit records within 7 days from the receipt of the notice.

The above evidence/ documents/ records are called for from you under section 150 of the Central Goods and Services Tax Act 2017 r/w section 21 of UTGST Act.

Please take note that in case of non-compliance, penal action shall be taken as per the provision of law.