Proceedings under section 74 of CGST Act'17

[Sudipta Dey]

Sir, if one taxpayer has reconciled his turnover with balance sheet PL ACCOUNT and GSTR-9/9C and declared the Short-payment made by the taxpayer in the GSTR-9, but not paid the GST along with interest and penalty, can on a later date proceedings under section 74 of CGST Act'17 be initiated against them on such Short-payment of tax?

AI Summary

Taxpayer's Self-Declared Short Tax Payment May Trigger Enforcement Actions Under Section 74 of CGST Act A taxpayer declared short tax payment in GSTR-9 but did not pay the corresponding tax, interest, and penalty. Legal experts discussed whether proceedings under Section 74 of CGST Act can be initiated. Consensus suggests that if the short payment involves fraud, willful misstatement, or suppression of facts, the tax department can initiate proceedings, despite self-declaration, especially if tax remains unpaid.