Section 73 - Determination of tax, pertaining to the period up to Financial Year 2023-24, 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.

Section 73 CGST Act: Resolve Tax Shortfalls Without Penalty Within 30 Days of Notice; Final Order in 3 Years.

Section 73 of the Central Goods and Services Tax Act, 2017, addresses the determination and recovery of tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilized for reasons other than fraud or willful misstatement. The proper officer must issue a notice to the liable party, who can settle the tax with interest before the notice is served to avoid penalties. If the tax is paid within 30 days of the notice, no penalty applies. The officer must issue a final order within three years, imposing a penalty if the tax remains unpaid beyond 30 days of its due date. These provisions apply up to the financial year 2023-24.