Close to 160 companies could start receiving notices seeking explanations on the amount of transitional GST tax credits claimed by them over the coming weeks, even as the number of taxpayers who have filed their GST returns for August remains far below the figure expected by the government.
In the run-up to the introduction of the single production levy, the indirect-tax department will begin sending notices to several companies after the Central Board of Excise and Customs (CBEC) last week directed chief commissioners to verify any transitional credit claim over Rs 1 crore, the Economic Times reported on Tuesday while
