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

Taxpayer Alert: Section 73 of Assam GST Act 2017 on Tax Errors Without Fraud-Pay in 30 Days to Avoid Penalty.

Section 73 of the Assam Goods and Services Tax Act, 2017, addresses the determination of tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilized for reasons other than fraud or willful misstatement. A proper officer must notify the taxpayer to show cause for non-payment, short payment, or erroneous refund. The taxpayer can preemptively pay the tax and interest to avoid penalties. If the tax is paid within 30 days of notice, no penalty is imposed. The officer must issue an order within three years of the relevant financial year or erroneous refund date, imposing a penalty if necessary.