Answer

1. F

   Facts

   ASMT-12 closes the scrutiny for the discrepancies in that notice. It does not stop audit, investigation or notices on other issues within the time limits.

2. P

   Provisions and law

   • Rule 99, CGST Rules 2017Discrepancies notified in ASMT-10, reply in ASMT-11 within 30 days or allowed time, acceptance in ASMT-12
   • Sec 61, CGST Act 2017Officer may scrutinise returns, inform discrepancies and seek an explanation; if accepted, no further action; if not, action under Sec 65, 66, 67, 73 or 74
3. A

   Analysis

   Sec 61 and Rule 99 provide for acceptance of your explanation in ASMT-12, and no further action on those points. Other proceedings, such as an audit under Sec 65, are separate. Example: ASMT-12 for FY 2021-22 closes the GSTR-1 versus GSTR-3B gap you explained; an audit can still look at other matters. Keep the ASMT-12 with your records.

4. C

   Conclusion

   1. 1Download and save the ASMT-12.
   2. 2Note which points it closed.
   3. 3Keep the reply and documents together.
   4. 4Keep records for 72 months after the annual return due date.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.