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Showing posts with the label GST Coimbatore

My Supplier Filed GST Wrong — Why Am I Getting the Notice?

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You filed your GST returns correctly. You paid your taxes on time. You did everything right. And yet — a GST notice arrived at your door because of someone else's mistake. This is one of the most frustrating situations a business owner in Coimbatore can face. At Wintrust Solutions, we handle exactly this situation every week. Here is everything you need to know. How Does Someone Else's GST Mistake Become Your Problem? Under India's GST system, your Input Tax Credit — the tax you paid on your purchases — is only valid if your supplier has also filed their returns correctly and deposited the tax with the government. This is called the GSTR-2B matching system. Here is how it works: Your supplier sells you goods worth ₹1,00,000 and charges 18% GST — that is ₹18,000. You pay this ₹18,000 to your supplier as part of the invoice. You then claim this ₹18,000 as Input Tax Credit in your GSTR-3B filing, reducing your own GST liability. Now here is where the problem begi...

5 Reasons You Got a GST Notice & How to Fix It Fast

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Received a GST notice and don't know what to do? Take a deep breath. You are not alone. Hundreds of business owners across Coimbatore receive GST notices every month — and most of them are fixable. At Wintrust Solutions, we handle GST notices every day. Here's what you need to know. Why Did You Get a GST Notice? The GST department sends notices for specific reasons. Here are the 5 most common ones: Reason 1 — Mismatch Between GSTR-1 and GSTR-3B This is the #1 reason businesses get GST notices in India. If the sales you declared in GSTR-1 don't match what you paid tax on in GSTR-3B, the GST system automatically flags your account and generates a notice. ✅ Fix: Reconcile both returns immediately. File an amendment return if needed. A tax consultant can do this in hours. Reason 2 — Input Tax Credit (ITC) Mismatch If you claimed ITC that doesn't match your supplier's GSTR-1 filings, you will receive a notice under Section 61. This often happens...