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 wilfull-misstatement or suppression of facts.
Manipur Goods and Services Tax Act, 2017 Chapter XV DEMANDS AND RECOVERY
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Determination of tax evasion triggers show cause notices requiring tax, interest and penalty with specified pre payment options concluding proceedings. Where the proper officer believes tax was not paid, short paid, erroneously refunded or input tax credit wrongly availed by reason of fraud, willful ... Summary
Determination of tax evasion triggers show cause notices requiring tax, interest and penalty with specified pre payment options concluding proceedings.
Where the proper officer believes tax was not paid, short paid, erroneously refunded or input tax credit wrongly availed by reason of fraud, willful misstatement or suppression, he must serve a show cause notice specifying tax, interest and a penalty equal to the tax; the taxpayer may pre pay with interest and a reduced penalty to avoid notice, may cure after notice by prescribed reduced penalties within thirty days, and the officer must determine and order amounts within the statutory limitation period, with statements for related periods deemed notices where grounds match earlier notice except for fraud.
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