TaxTMI 
TaxTMI 
The limitation period under Section 73 is 3 years and under Section 74 it is 5 years. Under this situation, can the GST authorities conduct audit from July’2017? Opinion of the experts please
Limitation Period under GST
01 Feb 2024 
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Limitation period under GST: extensions permit audits and SCNs within extended timelines; audits can trigger notices without time limit.
Limitation under GST distinguishes issuance of show-cause notices from adjudication for willful or fraudulent evasion, with administrative extensions affecting practical deadlines for initiating and completing proceedings for specific past years. Authorities may conduct audits of earlier periods and can issue alternative notices that lack a prescribed time limit. Taxpayers must retain books and records for a statutory retention period measured from the due date of filing the annual return for the relevant year, permitting audit until those retention periods expire. (AI Summary)
Limitation under GST distinguishes issuance of show-cause notices from adjudication for willful or fraudulent evasion, with administrative extensions affecting practical deadlines for initiating and completing proceedings for specific past years. Authorities may conduct audits of earlier periods and can issue alternative notices that lack a prescribed time limit. Taxpayers must retain books and records for a statutory retention period measured from the due date of filing the annual return for the relevant year, permitting audit until those retention periods expire. (AI Summary)