The CBIC now lets GST taxpayers explain return discrepancies right on the GST portal. CBIC Introduces New Functionality on GST Portal to Find Out Actual Tax Liability

In a recent move, taxpayers under the Goods and Services Tax (GST) are allowed to explain the errors or discrepancies in their inward and outward supply filed in tax returns on the GST portal itself, without being worried about receiving notice from the tax authorities.

The Central Board of Indirect Taxes and Customs (CBIC) has implemented a new facility in its portal through which taxpayers can find their exact tax liability on a real basis, giving them chances to explain any discrepancy in tax returns before issuing any tax demand.