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CA Final · Indirect Tax Laws · Returns

Under the CGST Rules, 2017, Rajan Traders accepted a discrepancy pointed out in FORM GST ASMT-10 and paid the tax and interest. Which course matches the rule?

The person informs the officer or furnishes the explanation in FORM GST ASMT-11, and if the officer finds it acceptable, he informs the person in FORM GST ASMT-12. The forms are not interchangeable, and payment alone does not close the scrutiny without such communication.

  1. AIt informs the officer or furnishes an explanation in FORM GST ASMT-11, and if found acceptable the officer informs it in FORM GST ASMT-12Correct
  2. BIt files FORM GST ASMT-12 and the officer replies in FORM GST ASMT-11
  3. CIt files an application in FORM GST REG-21 and the officer replies in REG-22
  4. DIt need not inform the officer, as payment automatically closes the scrutiny

Explanation

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

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