https://www.taxtmi.com/article/detailed?id=17549 GST audit show-cause notices should be tested against transaction-level facts rather than assumptions drawn solely from accounting balances or return differences. Key issues include demands based on the entire trade-payable balance, taxability of grossed-up bank and borrowing-cost entries containing embedded tax and ancillary charges, and reverse-charge applicability to monthly director remuneration. A response should verify the applicable demand provision, limitation, factual basis, reverse-charge conditions, computation of taxable amount, notice signature, and Document Identification Number, while presenting relevant settled appellate material. en-us Fri, 09 Oct 2026 08:32:02 +0530 Fri, 09 Oct 2026 08:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17549 GST audit show-cause notices should be tested against transaction-level facts rather than assumptions drawn solely from accounting balances or return differences. Key issues include demands based on the entire trade-payable balance, taxability of grossed-up bank and borrowing-cost entries containing embedded tax and ancillary charges, and reverse-charge applicability to monthly director remuneration. A response should verify the applicable demand provision, limitation, factual basis, reverse-charge conditions, computation of taxable amount, notice signature, and Document Identification Number, while presenting relevant settled appellate material. Articles Goods and Services Tax - GST Fri, 09 Oct 2026 08:32:02 +0530 https://www.taxtmi.com/article/detailed?id=17549