GST Section 150 Explained | Third-Party Data Mismatch & Notices You Must Know
Автор: GstGuy
Загружено: 2025-12-25
Просмотров: 8707
Описание:
Ramesh did everything right.
He filed his GSTR-1 on time, trusted the GST portal, and believed his declarations were final.
Then came a GST notice —
📌 “Mismatch detected from third-party data.”
What went wrong?
Under Section 150 of the CGST Act, the GST department is empowered to access third-party data such as:
Bank transaction records
Income-tax filings
Financial disclosures from other authorities
These datasets are now being cross-verified with your GST returns.
If your declared turnover doesn’t align with external data, the system automatically flags undeclared or under-reported supplies.
👉 Filing returns is no longer enough.
👉 GST today runs on data reconciliation, not declarations.
👉 And when numbers don’t match, the burden shifts to the taxpayer.
In this video, we explain:
What Section 150 really means
How third-party data is used against taxpayers
Why mismatch notices are increasing
What businesses must do to stay compliant
⚠️ A must-watch for business owners, CAs, GST practitioners, and finance teams.
#GSTSection150
#GSTNotice
#GSTMismatch
#ThirdPartyData
#GSTCompliance
#GSTR1
#GSTAudit
#TaxLawIndia
#BusinessCompliance
#GSTAwareness
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