• SENSEX
    NIFTY 50
Economy

Tax authorities can now attach property, bank account of GST return non-filers

Updated : December 27, 2019 12:46 PM IST

Authorities under new rule can attach property, bank accounts and cancel registration of taxpayers for not filing GST returns within the specified period.
Authorities found that about 20 percent of GST assessees do not file their returns, hurting the revenue collection.
In addition to tax assessed, return non-filers will also be liable to pay interest and penalty in accordance with the provisions of the Act.
Tax authorities can now attach property, bank account of GST return non-filers

You May Also Like

Live TV

recommended for you

Advertisement