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 wilful misstatement or suppression of facts.

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 wilful misstatement or suppression of facts. https://www.taxtmi.com/acts?id=26110 Where tax is unpaid, short paid, erroneously refunded, or input tax credit wrongly availed by reason of fraud, wilful misstatement or suppression of facts, the proper officer shall serve a notice requiring payment of tax, interest under section 50 and a penalty equal to the tax. The officer may issue supplementary statements for related periods, voluntary pre-notice payment with reduced penalty bars notice for that amount, and staged payments after notice or order conclude proceedings; the officer must determine and issue an order within the five-year limitation period. en-us Sat, 17 Jun 2017 14:32:17 +0530 Mon, 19 Jun 2017 16:27:21 +0530 TaxTMI RSS Generator 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 wilful misstatement or suppression of facts. https://www.taxtmi.com/acts?id=26110 Where tax is unpaid, short paid, erroneously refunded, or input tax credit wrongly availed by reason of fraud, wilful misstatement or suppression of facts, the proper officer shall serve a notice requiring payment of tax, interest under section 50 and a penalty equal to the tax. The officer may issue supplementary statements for related periods, voluntary pre-notice payment with reduced penalty bars notice for that amount, and staged payments after notice or order conclude proceedings; the officer must determine and issue an order within the five-year limitation period. Act-Rules GST - States Sat, 17 Jun 2017 14:32:17 +0530 https://www.taxtmi.com/acts?id=26110