GST returns filing: Tax officials can attach property, freeze your bank account if you don't file on time
With around one crore GST-registered businesses failing file their returns in due time, the new set of norms will allow (GST) authorities to either attach their property or freeze their bank accounts, if the entities do not file their tax returns despite repeated reminders
- Dec 27, 2019,
- Updated Dec 27, 2019 1:20 PM IST
Goods and Services Tax (GST) authorities can freeze your bank account, attach your property, if you do not file your (GST) returns on time. A new set of regulations have authorised the (GST) authorities to ensure businesses furnish their returns on time.
The government has directed the senior officials of the Central Board of Indirect Taxes and Customs (CBIC) to go strong against the defaulters, the Times of India reports. The CBIC issued the three-page standard operating procedure (SOP) on Tuesday.
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Goods and Services Tax (GST) authorities can freeze your bank account, attach your property, if you do not file your (GST) returns on time. A new set of regulations have authorised the (GST) authorities to ensure businesses furnish their returns on time.
The government has directed the senior officials of the Central Board of Indirect Taxes and Customs (CBIC) to go strong against the defaulters, the Times of India reports. The CBIC issued the three-page standard operating procedure (SOP) on Tuesday.
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