We advise clients on the entire spectrum of corporate transactions including mergers and acquisitions, scheme of arrangement, business and asset transfers, de-mergers, joint-ventures & strategic alliances, buyouts, reduction of capital, buy-back of shares, stock swap arrangements and corporate reorganization. Our services are not just restricted to conducting due diligence exercises, drafting and negotiating documents, providing regulatory, corporate compliance solutions, structuring advice, or entry- exit mechanism; we strive, at all points of time, to provide end-to-end results to our clients. Our expertise in FDI regulations, SEBI regulations, stamping provisions and DTAAs allows us deliver solutions quickly, which is crucial to corporate transactions.
GST Notice
Show cause notice is the first stage in any investigation in tax laws. In Goods and Services Tax Act, show cause notice is to be issued before any penalty is levied or demand is raised. SCN is also required to be issued while taking action for payment of Goods and Services tax collected from any person which has not been deposited with the Central Government. Reasons to get the notice are:
- Non-filing or delayed filing of GST Returns. (most common)
- Insufficient, worng documentation supplied at the time of GST Registration
- Revocation Request for a Closed GST Number
- Mismatch between Purchase side (inward) invoices and the GSTR 2A report from GST Portal
- Wrong ITC Claim in the Returns
- Non-payment of Taxes
- Mismatch between GSTR1 Invoices and the details in e-Way Bills
- ITC Credit Refund
- Not having GST Registration though the turnover crosses the threshold.
- Higher GST rates applied on Sales (Profiteering)
Our Team is ready to help in handling your GST Notice quickly and professionally.
