5584 companies notice for not filing GST

The Delhi government has sent notices to five, 584 companies not filing (GST ) tax returns under GSTR Act 3A. The govt has clamped down on 36 companies not filing VAT returns. Deputy Chief Minister and minister of finance Manish Sisodia have ordered action against such companies after analyzing all aspects.

The analysis also revealed that companies in nine sectors, including automobiles, electronics, e-commerce, insurance, financial services, consulting, pharma security, and healthcare, weren’t suffering from the COVID-19 epidemic. Despite why these companies didn’t file returns, Manish Sisodia has ordered the GST department to research the explanations. The Delhi government on Friday sent a notice to 5584 companies under GSTR 3A and 36 companies under the VAT Act after studying tax returns of around 15,000 companies.

Companies not paying tax are going to be investigated
The Deputy Chief Minister said that a lot of things are revealed within the analysis of GST collection data for the primary quarter of the fiscal year 2020-21. The COVID-19 epidemic didn’t affect the consumption of products or services more. Lockdown has increased the business of e-commerce companies. No matter why companies ultimately didn’t file tax returns, the explanations for this is able to be investigated.

Sisodia said that 935 companies have paid zero tax within the half-moon of 2020-21 while the 2017 dealer has paid only 50 percent tax within the previous quarter.

The list of tax defaulters is being prepared
It was revealed within the meeting that 970 taxpayers didn’t file returns from January to March. 10800 companies paid little or no tax during this era. Insight of this, the Delhi government has prepared an inventory of defaulters. The Deputy CM has also made it clear that the govt will take strict action against the defaulters, urging the defaulters to gather the tax immediately. Further, 7 lakh companies registered under GST are going to be evaluated. 970 taxpayers didn’t pay the tax within the last two quarters, additionally to companies
receiving

less or zero tax payments of Rs 3777 crore within the quarter. The govt has received Rs 2015 crore less in terms of tax compared to the previous year. In 2019, about Rs, 5792 crores were collected as an item in tax returns.

10 crore recovery from two companies
The Delhi State Trade and Tax Department have started analyzing the return filing status of taxpayers registered under GST. In this, the outstanding tax is going to be collected from the defaulting companies. Within the last week, the department has recovered Rs 10 crore from two defaulting companies.

Measures to enhance revenue collection are being studied. Watching the status of the collection after studying, Sisodia on Wednesday directed the Dialogue and Development Commission (DDC) in Delhi to organize a report for improving revenue collection in Delhi. Experts should be consulted for brief and long-term measures to enhance revenue collection in order that the financial situation can improve.