TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Act Outlines Tax Recovery Mechanisms, Encourages Voluntary Compliance with Reduced Penalties, and Sets Timelines for Notices and Orders</h1> The GST Act provides mechanisms for recovering unpaid taxes, addressing both inadvertent and deliberate non-payment. It emphasizes self-policing through matching supplier and recipient details and mandates timely self-assessment payments to avoid penalties. Tax recovery provisions are categorized into short payments, erroneous refunds, and non-payment of self-assessed taxes. Voluntary compliance is encouraged by offering reduced penalties if dues are settled promptly. Specific timelines for issuing notices and orders are set, with different consequences for normal and fraud cases. Recovery actions include deductions, property attachment, and installment payments, with a focus on timely resolution and minimal penalties for compliant taxpayers.
TaxTMI 
