Important Keyword: FORM GST ASMT-14, Section 63.
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FORM GST ASMT-14: Show Cause Notice for assessment under section 63
[See rule 100(2)]
Reference No: Date:
To
Name Address
Tax Period — F.Y. ——-
Show Cause Notice for assessment under section 63 GST
It has come to my notice that you/your company/firm, though liable to be registered under section of the Act, have/has failed to obtain registration and failed to discharge the tax and other liabilities under the said Act as per the details given below: Brief Facts – Grounds –
Conclusion –
OR
It has come to my notice that your registration has been cancelled under sub-section (2) of section 29 with effect from —— 1[vide Order Reference No. ——-, dated ] and that you are liable to pay tax for the above mentioned period.
Therefore, you are hereby directed to show cause as to why a tax liability along with interest not be created against you 2 [****] and why penalty should not be imposed for violation of the provisions ofthe Act or the rules made thereunder.
In this connection, you are directed to appear before the undersigned on——————————————————————————– (date)
at (time)
Signature
Name
Designation
1[Address]
1 Inserted vide Notification No. 32/2021 dated 29.08.2021.
2 Omitted “for conducting business without registration despite being liable for registration” vide Notification No. 32/2021 dated 29.08.2021.
Frequently Asked Questions
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What is FORM GST ASMT-14?
FORM GST ASMT-14 is a notice issued by the tax authorities under section 63 of the GST Act, requiring a taxpayer to show cause as to why an assessment should not be made against them.
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When can FORM GST ASMT-14 be issued?
FORM GST ASMT-14 can be issued when the tax authorities believe that a taxpayer has not furnished returns or has provided inaccurate information, leading to potential tax liabilities under the GST framework.
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How should I respond to FORM GST ASMT-14?
To respond to FORM GST ASMT-14, you must provide a detailed explanation or justification addressing the concerns raised in the notice, along with any supporting documents within the stipulated timeframe.
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What happens if I don’t respond to FORM GST ASMT-14?
Failing to respond to FORM GST ASMT-14 may result in the tax authorities proceeding with an assessment based on the available information, which could lead to penalties and increased tax liabilities.
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Can I seek professional help for FORM GST ASMT-14?
Yes, it is advisable to seek assistance from a tax professional or consultant who can help you understand the implications of the notice and formulate an appropriate response in compliance with GST regulations.
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What information is typically included in FORM GST ASMT-14?
FORM GST ASMT-14 typically includes details regarding the alleged discrepancies, the specific provisions of the GST Act being invoked, and the deadline for the taxpayer to respond.
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Is there a format for responding to FORM GST ASMT-14?
While there is no prescribed format, your response to FORM GST ASMT-14 should be structured, clear, and include all relevant facts, documentation, and a formal declaration of your position regarding the alleged discrepancies.
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How long do I have to respond to FORM GST ASMT-14?
You generally have a period of 15 days from the date of issuance of FORM GST ASMT-14 to submit your response to the tax authorities.
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Can I appeal against the assessment made after FORM GST ASMT-14?
Yes, if you disagree with the assessment made following your response to FORM GST ASMT-14, you can file an appeal as per the provisions outlined in the GST Act.
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What are the consequences of a negative outcome from FORM GST ASMT-14?
A negative outcome from FORM GST ASMT-14 could result in financial penalties, interest on unpaid taxes, and potential legal action, underscoring the importance of a well-prepared response.
Official Income Tax Return filing website: https://incometaxindia.gov.in/
