Quick Summary
Potential Litigations Loom as GST Show Cause Notice Deadline Nears As the deadline for issuing show cause notices (SCNs) related to FY19 under the Goods and Services Tax (GST) Act approaches on January 31, 2024, the Central Board of Indirect Taxes Customs (CBIC) has cautioned its officers against reckless issuance of SCNs. The move aims to mitigate unnecessary litigations arising from hasty actions. Businesses Brace for Onslaught of Notices; New Deadline for FY20 Announced Reports from
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FAQ :
The CBIC is warning its officers against issuing GST show cause notices (SCNs) hastily, especially for FY19, to prevent unnecessary litigations and legal disputes.
The deadline for issuing SCNs for FY19 is January 31, 2024. The new due date for SCNs related to FY20 is June 30, 2024.
The CBIC Chairman has highlighted the urgency of adjudicating nearly 1 lakh legacy cases, involving over £29,000 crore, which have been pending for more than six years since the GST rollout.
Hasty SCNs can lead to errors, disputes, and undermine taxpayer rights, potentially causing future legal battles and compromising the fairness of tax assessments.
Taxpayers are advised to carefully review any GST notices they receive and seek professional guidance if necessary, emphasising a balance between efficiency and fairness.
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