Promoters, directors now getting SMS alerts for discrepancies in returns filed, GST non-payment

Monday 1st July, 2019

Article Details
Publication  The Financial Express
Source  PTI
CCM  27.98
Edition  Ahmedabad | Bangalore | Chennai | Hyderabad | Kolkata | Mumbai | New Delhi
Supplement   NA
MAV  49,244
Language  English
Page  2
Circulation  27,000

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Promoters, directors now getting SMS alerts for discrepancies in returns filed, GST non-payment PRESS TRUST OF INDIA New Delhi, June 30 THE GST NETWORK has developed a system whereby SMSes are being sent to promoters, directors and proprietors automatically in case of defaultin payment of tax, filing of returns or mismatch in ITC claims by business entities,its chief executive Prakash Kumar said. He said once the GST system generates red flag alerts, the information is also shared with the revenue department to alert taxmen to take appropriate steps. Wherever there is a difference between GSTR-3B and GSTR-1, GSTR-3B and e-way bill, reminder SMSes now go notonly tothe authorised signatories, but also to the promoters of businesses and directors on board. GST system automatically sends these SMSes three days after last date of filing of returns, Kumar said. Discrepancy in GSTR-3B (summary returns) and GSTR1 (supplies return), and generating e-way bill but not filing returnsare alsothe parameters based on which alerts are generated. Once the alerts are generated by the system, SM Ses are sent to the promoter and directors three days after the due date of filing of monthly GST returns. The system sends SMS alerts to promoters and directorsof business and helps them torectifythe mistakesas many times promoters are not aware whetherreturnsare being filed timelyand correctly bythe officer concerned, he said. The SMSes are sent every monthand onaquarterlybasis for regular and composition taxpayers, respectively.