Limitation extension for recovery under GST: issuance deadlines for assessment orders extended for specified fiscal periods. The notification extends the statutory time limit for issuance of orders for recovery of tax not paid or short paid, and for correction of wrongly availed or utilised input tax credit, by modifying earlier state notifications on the recommendation of the GST Council. It specifies new terminal dates for issuance of assessment orders for particular financial years, thereby extending the period during which the tax authority may complete assessment and recovery proceedings under the state GST Act.
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Limitation extension for recovery under GST: issuance deadlines for assessment orders extended for specified fiscal periods.
The notification extends the statutory time limit for issuance of orders for recovery of tax not paid or short paid, and for correction of wrongly availed or utilised input tax credit, by modifying earlier state notifications on the recommendation of the GST Council. It specifies new terminal dates for issuance of assessment orders for particular financial years, thereby extending the period during which the tax authority may complete assessment and recovery proceedings under the state GST Act.
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