GST Notice Deadlines: Last Chance for FY 2021-22 and FY 2019-20 September 30, 2025, is the last day for issuing notices under Section 73 for FY 2021-22 and Section 74 for FY 2019-20. Here’s what you need to know :- Section 73 Notice: Applies to FY 2021-22, this section deals with demands for tax not paid or short paid due to reasons other than fraud, willful misstatement, or suppression of facts.- Section 74 Notice: Applies to FY 2019-20, this section deals with demands for tax not paid or short paid due to fraud, willful misstatement, or suppression of facts.
Key Points:- Time Limit: The time limit for issuance of GST demand notices under Sections 73 and 74 varies based on the financial year and type of notice.-
GST Portal Check: It’s recommended to check the GST portal at the end of the day for any updates or notices.
Consequences of Missing the Deadline:- Invalid Notice: If a notice is issued after the deadline, it may be considered invalid.
Penalties: Taxpayers may face penalties and interest on unpaid taxes if notices are not issued within the specified timeframe.
Action Items:- Check GST Portal: Verify if any notices have been issued or are pending on the GST portal.
Respond Timely: Respond to any notices within the specified timeframe to avoid penalties and interest.
Consult a Tax Expert: If you’re unsure about the notices or have questions, consider consulting a tax expert for guidance.