“Recently Hon’ble Supreme Court has held that the GST Portal is merely a facilitator for the purpose of tax reporting, turnover declarations and tax payments. The obligation of self-assessment is firmly on the shoulders of the taxpayer, and this obligation is not mitigated even on account of system failures or inefficiencies. Taxpayer’s obligation to self-assess its tax liability and report the same accurately through proper maintenance of accounts subsist regardless of the online system.”
It is thus incumbent on taxpayers to ensure that primary source documents such invoices, agreements, payment Challans and bank ledgers are maintained to substantiate the reporting of turnover, liability or proper availment of ITC, as well as substantiate its eligibility.
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Rajesh Agarwal
Company
Secretary
