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: Recovering Unpaid GST Without Penalty for Non-Fraud Cases if Paid Within 30 Days of Notice.

Section 73 of the Punjab Goods and Services Tax Act, 2017, addresses the determination and recovery of unpaid or short-paid taxes, erroneously refunded taxes, or wrongly availed input tax credits, excluding cases of fraud or willful misstatement. It mandates that a proper officer must issue a notice to the liable person, requiring them to justify non-payment or short payment. The notice must be issued at least three months before the deadline for the order. If the tax is paid with interest within 30 days of the notice, no penalty is imposed. The officer must issue an order within three years from the relevant financial year or refund date.