15 December 2022
SUB: WHILE ANALYZING THE COMPARATIVE SGST DEPOSIT BY YOU/YOUR FIRM IN THE MONTHLY GST RETURN -3B RETURNS FOR UPTO THE MONTH OF OCTOBER OF THE FY 21-22 AND 2022-23, WE HAVE OBSERVED THAT THERE IS DEPRESSION IN SGST DEPOSIT BY YOU/YOUR FIRM BY -27% UPTO THE MONTH OF OCTOBER 2022 AS COMPARED TO UPTO OCTOBER,2021 OF LAST FY, WHICH IS AN ISSUE OF SERIOUS CONCERN.
SIR, REGARING ABOVE SAID MATTER, CAN ANY ONE SENT ME REPLY LETTER
The Assistant Commissioner [Department Name] [Address of the Tax Office] [City, State, PIN Code]
Subject: Response to Notice on SGST Deposit Discrepancy
Dear Sir/Madam,
I am writing in response to the notice dated [Date] regarding the SGST deposit discrepancy observed in our firm’s GST returns for the periods up to October 2021 and October 2022.
1. **Acknowledgement of Notice:** I acknowledge receipt of your notice highlighting the concern regarding the SGST deposits made by our firm.
2. **Reasons for Discrepancy:** Upon thorough review of our records, we have identified several factors contributing to the observed decrease in SGST deposits:
- **Economic Conditions:** The economic downturn and challenges faced by our industry have significantly impacted our revenue and consequently our SGST liability. - **Business Operations:** Changes in business operations, including adjustments in pricing strategies and customer base, have influenced our SGST collections. - **Compliance:** We have diligently adhered to GST regulations and promptly filed our GST returns, ensuring compliance with statutory requirements.
3. **Steps Taken:** - We have implemented internal reviews and controls to monitor SGST calculations and filings more rigorously. - Our team is actively engaged in identifying opportunities to enhance SGST collections while maintaining regulatory compliance.
4. **Commitment to Compliance:** - Our firm places high importance on regulatory compliance and remains committed to addressing any concerns raised by tax authorities promptly. - We assure you of our cooperation in providing any additional information or documentation necessary to resolve this matter.
5. **Request for Understanding:** - We kindly request your understanding of the challenges faced by our firm and assure you of our proactive efforts to improve our SGST compliance moving forward.
Please find enclosed [if applicable, mention any supporting documents or explanations].
Thank you for bringing this matter to our attention. Should you require any further information or clarification, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address].
Yours sincerely,
[Your Name] [Your Position] [Your Company Name]
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**Note:** - Customize the letter with specific details relevant to your firm’s situation. - Attach any supporting documents mentioned in your response. - Ensure to send the letter through a secure and trackable method.
This format should help you draft a professional response to the notice regarding the SGST deposit discrepancy.
CAclubindia
