Sir,
GST registered dealer business principal place visit GST officer sales turnover compared 23-24 vs 24-25
Sales turnover fy.23-24 rs:40 lacs show in GSTR-3B october-23 to December -23 quarter
Sales turnover f.y.24-25 rs:30 lacs show in GSTR-3B october-24 to december-24 quarter
GST officer sales turnover two years (23-24 vs 24-25) falls reason asked
Question:
GST officer visit business principal place sales turnover falls reason asked provision under GST act
GST Registered Dealer Faces Routine Compliance Inspection Following Significant Sales Turnover Reduction in Consecutive Financial Years A GST registered dealer experienced a sales turnover decline from Rs. 40 lacs in FY 2023-24 to Rs. 30 lacs in FY 2024-25. A GST officer visited the business premises to inquire about the reasons for the sales reduction. The officer's inspection is part of standard compliance procedures under Sections 71 and 61 of the CGST Act, which allow verification of business records and returns. Potential explanations include market fluctuations, economic conditions, or business-specific challenges. (AI Summary)