Section 74 - Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful misstatement or suppression of facts.
Mizoram Goods and Services Tax Act, 2017 Chapter XV DEMANDS AND RECOVERY
Contents
Notifications
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 tax evasion requires notice, interest and penalty; offers admission payment remedies and strict limitation periods. Where tax shortfall or wrongful refund or wrongly availed input tax credit results from fraud or wilful misstatement or suppression of facts, the proper ... Summary
Determination of tax evasion requires notice, interest and penalty; offers admission payment remedies and strict limitation periods.
Where tax shortfall or wrongful refund or wrongly availed input tax credit results from fraud or wilful misstatement or suppression of facts, the proper officer issues a show cause notice requiring payment of the specified tax with interest and a penalty equal to the tax. A taxpayer may preempt notice by voluntarily paying tax, interest and a reduced penalty and notifying the officer; if so notified, no notice will be issued for that amount, though the officer may issue notice for any shortfall and must issue a determinative order within the Act's limitation 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 
