Scrutiny of Returns under GST Act - Section 61

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.... • The Registered person files his explanation in Form GST ASMT11 • If found acceptable, no further action shall be taken. (Form GST ASMT-12) • If not acceptable, initiate appropriate action under Section 65 or Section 66 or Section 67 or proceed under Section 73 or Section 74 [ or Section 74A. (w.e.f. 01.11.2024 vide N.No....

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....ection 65/ or Section 66/ or Section 67, or proceed to determine the tax and other dues under Section 67 or proceed under Section 73 or Section 74 [ or Section 74A. (w.e.f. 01.11.2024 vide N.No. 17/2024 dated 27.09.2024) Inserted vide Finance (No. 2) Act, 2024 ]. What are the options left to the taxpayer? • * Either Accept or Dispute : â....

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....tisfactory, (or) • If the discrepancy is accepted but the tax is not paid / not corrected himself in his returns for the month in which the discrepancy accepted he can recommend the case either for ADJUDICATION under Section 65, 66, 73, 74 74A or for ENFORCEMENT under Section 67. Procedure For Scrutiny of returns [Rule 99] • Where any return furnished by a re....

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.... such discrepancy and inform the same or furnish an explanation for the discrepancy in FORM GST ASMT- 11 to the proper officer. [ Rule 99(2) ] • Where the explanation furnished by the registered person or the information submitted is found to be acceptable, the proper officer shall inform him accordingly in FORM GST ASMT-12. [ Rule 99(3) ] • Centr....