Gst: Small GST taxpayers need to keep tabs on demand notices
MUMBAI: The Supreme Court recently upheld the action of the Patna high court in dismissing a writ petition filed by a taxpayer against a GST assessment order.The order in the case of Vishwanath Traders has wide ramifications for SMEs, MSMEs, 'small business persons' and professionals, as many of them - owing to a time lapse in filing an appeal - approach the high courts directly for remedy against a demand notice. Sunil Gabhawalla, founding partner of a CA firm, said that a response (appeal) to a demand notice must be made within three months. In case of a delay, the jurisdictional appellate commissioner can be approached for seeking a one-month extension. In case more than four months have passed, the only recourse available is to file a writ with high courts.As the assessment orders, wh...