Kerala GST Dept issues Guidelines for Non-Issuance of Notices in cases of Voluntary Compliance
The Kerala GST Department has recently released Circular No. 06/2024 dated April 06, 2024, introducing new guidelines regarding the non-issuance of notices for voluntary compliance under Sections 73 and 74 of the Kerala Goods and Services Tax Act, 2017.
Taxpayers now have the opportunity to fulfill their tax obligations voluntarily before formal notice issuance. This means that if a taxpayer, whether through self-ascertainment or as per the proper officer’s ascertainment, identifies additional tax liability, they can choose to settle these dues along with applicable interest under section 50 of the Kerala State GST Act, 2017.
Additionally, a reduced penalty of fifteen percent of the unpaid tax is applicable when payment is made under Section 74(5) of the Kerala GST Act, 2017.
Relevant Provisions The circular elucidates the relevant provisions of Section 73 and 74 of the Kerala Goods and Services Tax Act, 2017, outlining the procedures to be followed by the person chargeable with tax and the proper officer in instances of voluntary compliance.
