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CA Final · Indirect Tax Laws · Returns

Kaveri Traders' return for a month was selected for scrutiny. The proper officer noticed a mismatch and issued FORM GST ASMT-10 on 5 March. Kaveri Traders wishes to accept the discrepancy, pay the tax and interest, and inform the officer. Which statement is correct under the CGST Rules, 2017?

The person replies in FORM GST ASMT-11, accepting the discrepancy and paying the dues or giving an explanation. The time given in the ASMT-10 notice cannot exceed thirty days from service, unless the officer permits a further period. ASMT-12 is the officer's acceptance intimation, not the taxpayer's reply.

  1. AIt must reply in FORM GST ASMT-11, and the explanation sought can be for a time not exceeding thirty days from service of notice or such further period as the officer permitsCorrect
  2. BIt must reply in FORM GST ASMT-12 within fifteen days, with no extension possible
  3. CIt must file FORM GST REG-21 within ninety days
  4. DIt must reply in FORM GSTR-3A within seven working days

Explanation

Rule 99 says ASMT-10 seeks explanation within a time not exceeding thirty days from service or such further period as the officer permits. The registered person replies in ASMT-11. ASMT-12 is the officer's communication that the explanation is acceptable, so the second option is wrong.

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