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.
Punjab Goods and Services Tax Act, 2017 Chapter XV DEMANDS AND RECOVERY
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Determination of unpaid tax: show cause notice requires payment of tax, interest and applicable penalty. Determination of unpaid, short-paid, erroneously refunded tax or wrongly availed input tax credit (other than by fraud or wilful misstatement) is ... Summary
Determination of unpaid tax: show cause notice requires payment of tax, interest and applicable penalty.
Determination of unpaid, short-paid, erroneously refunded tax or wrongly availed input tax credit (other than by fraud or wilful misstatement) is commenced by serving a show cause notice requiring payment of tax, interest under section 50 and penalty. The officer may serve statements for additional periods on the same grounds. Voluntary payment of tax and interest, if notified to the officer, precludes issuance of notice for those amounts; deficient voluntary payments may still be assessed. Payment within thirty days of the show cause notice removes penalty for that notice. The officer determines tax, interest and a penalty of ten per cent of tax or ten thousand rupees, whichever is higher, and issues the order within three years from the relevant return due date or erroneous refund.
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