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GST notices should not become a tool for harassment

The panel was expected to submit a report by last month and suggest various steps to raise revenue, including hiking the lowest slab and rationalising the slab
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The panel was expected to submit a report by last month and suggest various steps to raise revenue, including hiking the lowest slab and rationalising the slab

Business Standard Editorial Comment Mumbai
The goods and services tax (GST) authorities have started knocking at the doors of assessees. As reported by this newspaper on Monday, about 50,000 show-cause notices have been issued so far to companies and partnership firms in sectors such as jewellery and real estate. These notices are a result of the first comprehensive audit exercise since the implementation of the new indirect tax regime. The authorities have mostly covered the returns filed for the first two years (2017-18 and 2018-19). In some cases, returns have also been audited for later years. Different reasons have been underlined for issuing notices, such

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