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.

Section 73: Tax Recovery Process for Non-Fraudulent Errors Under Tripura GST Act 2017 Explained

Section 73 of the Tripura Goods and Services Tax Act, 2017, addresses the determination and recovery of taxes 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 issue a notice to the liable person, requiring them to justify why they should not pay the specified tax amount with interest and penalty. If the tax is paid within 30 days of the notice, no penalty is imposed. The officer must issue an order within three years from the relevant financial year's annual return due date or erroneous refund date.