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.

Fraudulent tax evasion: notice and recovery framework enables assessment, penalties, and concluding proceedings upon specified payments.

When a proper officer identifies tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilised due to fraud, wilful misstatement or suppression, the officer serves a show cause notice requiring payment of specified tax with interest and penalty; the officer may serve related statements for other periods deemed as notices where grounds (excluding fraud) match earlier notice; voluntary payment with interest and a reduced penalty precludes notice, shortfalls may be pursued, and orders determining tax, interest and penalty must be issued within the statutory assessment period.