Switching from UPI to cash won't help in avoiding tax notice if turnover crosses GST registration threshold; Here’s what Karnataka State GST department said

Karnataka's GST department is scrutinizing UPI transactions to identify unregistered traders exceeding the GST threshold, leading some to revert to cash payments. The department clarified that GST applies to all forms of payment, not just UPI, and warned of actions to collect applicable taxes. Traders receiving notices are advised to provide explanations and relevant documents for verification.

from Tax-Wealth-Economic Times https://ift.tt/xsLwPnV