Section 73 - Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts.
Bihar Goods and Services Tax Act, 2017 Chapter XV DEMANDS AND RECOVERY
Contents
Notifications
Circulars
Plus +
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Determination of unpaid tax: notice-led assessment requires payment with interest and possible penalty. Where a proper officer finds tax unpaid, short paid, erroneously refunded, or input tax credit wrongly availed for reasons other than fraud or wilful ... Summary
Determination of unpaid tax: notice-led assessment requires payment with interest and possible penalty.
Where a proper officer finds tax unpaid, short paid, erroneously refunded, or input tax credit wrongly availed for reasons other than fraud or wilful misstatement, the officer must serve a notice requiring the person to show cause and pay specified tax, interest and penalty. A statement may extend the periods covered if based on the same grounds. Voluntary payment of tax with interest before notice precludes proceedings for that amount; shortfalls may be pursued. Payment within a short period after notice removes penalty liability. The officer must determine and order tax, interest and penalty within the statutory assessment period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
