Risk factors that can lead to GST Notice

1. Non-filing of returns:
   If a taxpayer fails to file GST returns within the specified due dates, they may receive a notice from the tax authorities.
2. Incorrect or incomplete returns:
   If the GST returns filed by a taxpayer are found to be incorrect or incomplete, they may receive a notice to rectify the same.
3. Mismatch in input tax credit:
   If there is a mismatch in the input tax credit claimed by a taxpayer and the details uploaded by their suppliers, they may receive a notice from the tax authorities.
4. Discrepancies in sales or purchase records:
   If the sales or purchase records of a taxpayer do not match with the information available with the tax authorities, they may receive a notice to explain the discrepancies.
5. Non-payment or short payment of tax:
   If a taxpayer fails to pay the GST due within the specified due dates or pays a lower amount than what is due, they may receive a notice for the same.
6. Suspected tax evasion:
   If the tax authorities suspect that a taxpayer is evading GST by underreporting their sales or inflating their expenses, they may issue a notice to investigate the matter.
7. Non-registration:
   If a business is required to register for GST but fails to do so, they may receive a notice from the tax authorities to register and pay the applicable taxes.

It’s important to note that the specific risk factors that can lead to a GST notice may vary depending on the specific circumstances of each case. It is advisable for taxpayers to ensure compliance with GST laws and regulations to avoid receiving a notice from the tax authorities.