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 MGST Act: Taxpayer Notice for Unpaid Taxes, Erroneous Refunds, or Wrongful Credit Due to Fraud

Section 74 of the Maharashtra Goods and Services Tax Act, 2017, addresses the determination of tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed due to fraud, willful misstatement, or suppression of facts. It mandates the proper officer to issue a notice to the taxpayer to show cause for non-payment or short payment of tax, erroneous refund, or wrongful credit utilization. The taxpayer can settle the dues with interest and penalties to conclude proceedings. The officer must issue an order within five years from the relevant financial year's return due date or erroneous refund date.