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 mis-statement or suppression of facts.

Section 74 of the Himachal Pradesh GST Act: Addressing Unpaid Taxes, Erroneous Refunds, and Wrongly Availed Credits due to Fraud.

Section 74 of the Himachal Pradesh Goods and Services Tax Act, 2017, addresses the determination and recovery of unpaid or short-paid taxes, erroneous refunds, or wrongly availed input tax credits due to fraud, willful misstatement, or suppression of facts. It mandates that the proper officer issue a notice to the liable party, requiring payment of the specified tax amount, interest, and penalties. The notice must be issued at least six months before the statutory deadline. The liable party can settle the dues with reduced penalties before the notice or within 30 days of its issuance. The proper officer must issue a final order within five years, and proceedings conclude upon full payment of dues and penalties.