Key Points
The SOP aims to reduce contact with taxpayers, issuing one notice per financial year, and ensuring discrepancies are specific in nature and quantifiable..
The Central Board of Indirect Taxes and Customs (CBIC) has issued a detailed standard operating procedure (SOP) for scrutiny of returns under the goods and services tax (GST) regime for financial year 2019-20 onwards...
The SOP prescribes to keep the scrutiny process with minimal interface with the taxpayers, restricting officials to send a single notice for one financial year that also after verifying from the latest records..
It also asks officials to communicate about the scrutiny notice to taxpayers by the system on the common portal, without the need of sending a manual communication...
These SOP would bring a uniform and consistent methodology to authorities to perform the scrutiny of returns filed by taxpayers, Abhishek Jain, Partner & National Head - Indirect Tax, KPMG says...
