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<h1>Section 74 of Rajasthan GST Act: Addressing Tax Liabilities from Fraud or Misstatement with Notice and Penalty Options</h1> Section 74 of the Rajasthan Goods and Services Tax Act, 2017, addresses tax liabilities arising from fraud, willful misstatement, or suppression of facts. If a proper officer suspects unpaid or short-paid tax, erroneous refunds, or wrongly availed input tax credit due to such reasons, they must issue a notice to the liable party. The notice demands payment of the specified tax amount, interest, and a penalty equal to the tax. The liable party can pay the tax with interest and a reduced penalty before the notice or within 30 days after receiving it to conclude proceedings. The officer must finalize the order within five years from the relevant financial year's due date.