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.

Section 74: GST Act 2017 tackles unpaid taxes due to fraud or misstatement; pay dues to avoid penalties.

Section 74 of the Telangana Goods and Services Tax Act, 2017 addresses situations where tax is not paid, short paid, erroneously refunded, or input tax credit is wrongly availed due to fraud, willful misstatement, or suppression of facts. The proper officer must issue a notice to the liable person, requiring them to show cause and pay the specified amount with interest and penalty. The notice must be issued at least six months before the time limit for order issuance. If the taxpayer pays the tax, interest, and a reduced penalty before the notice, proceedings may be concluded. The officer must issue an order within five years from the relevant financial year's due date. If the taxpayer pays the specified amounts within 30 days of the order, proceedings are concluded.