Jamshedpur 14th Jan 2022: Singhbhum Chamber of Commerce and Industries has welcomed the decision of the Central Board of Indirect Taxes and Customs (CBIC), allowing traders to explain the difference in their GSTR-1 and GSTR-3B returns and under-or non-payment of the amount of self-assessed tax liability before taking any action for recovery of GST.
The decision was taken after the new law came into force on January 1, according to which GST officers were empowered to make surprise visits to the business premises of a businessman for collection of tax and that too without giving any notice or hearing to the taxpayer.
Besides this, SCCI had requested Finance Minister Nirmala Sitharaman that the new provision which has come into force from January 1, 2022, under which GST officers had decided to go to business establishments, industries and collect tax on their own.
On the other hand, there will be an atmosphere of despair among traders and entrepreneurs. There was a lot of anger among the traders, and there were warnings of strike on the road.
The delegation of Singhbhum Chamber of Commerce and Industries had submitted a suggestion letter from the Central GST Commissioner.
Along with this, the Prime Minister and the Finance Minister were requested to take a positive decision by correspondence and tweet.
Singhbhum Chamber of Commerce and Industries President Vijay Anand Moonka said that the Union Finance Ministry has withdrawn the new provision, now GST officers will not be able to pay tax by visiting establishments and industries themselves.