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CMA Final · Indirect Tax Laws and Practice · GST Returns

After scrutiny of Mehta Foods Ltd's return, the officer issues ASMT-10 quantifying a discrepancy. Mehta Foods agrees with the discrepancy, pays the tax and interest arising from it, and informs the officer. Which statement follows from Rule 99?

The registered person informs the officer or furnishes the explanation in FORM GST ASMT-11 after paying the amounts, and if the officer finds it acceptable, he communicates this in FORM GST ASMT-12. The forms are not interchangeable.

  1. AIt furnishes the information in FORM GST ASMT-11, and if acceptable the officer informs it in FORM GST ASMT-12Correct
  2. BIt furnishes the information in FORM GST ASMT-12, and the officer replies in FORM GST ASMT-11
  3. CIt must file FORM GST REG-21 to have the discrepancy closed
  4. DIt must wait for FORM GSTR-3A to be issued before paying

Explanation

Under rule 99(2) the registered person may accept the discrepancy, pay the tax, interest and other amount, and inform in FORM ASMT-11 or furnish an explanation. Under rule 99(3), if acceptable, the officer informs the person in FORM ASMT-12. Option two reverses the forms.

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