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 mis-statement 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 mis-statement or suppression of facts. https://www.taxtmi.com/acts?id=28066 Where tax was not paid, short paid, erroneously refunded or input tax credit wrongly availed by reason of fraud or wilful mis statement or suppression, the proper officer shall serve a show cause notice requiring payment of the specified tax with interest under section 50 and a penalty equivalent to the tax. Notices must be issued at least six months prior to the limitation for orders; statements for additional periods may be treated as notices if grounds (other than fraud) match earlier notices. The officer shall determine tax, interest and penalty and issue an order within the five year limitation. en-us Tue, 27 Jun 2017 14:23:02 +0530 Thu, 06 Jul 2017 14:52:30 +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 mis-statement or suppression of facts. https://www.taxtmi.com/acts?id=28066 Where tax was not paid, short paid, erroneously refunded or input tax credit wrongly availed by reason of fraud or wilful mis statement or suppression, the proper officer shall serve a show cause notice requiring payment of the specified tax with interest under section 50 and a penalty equivalent to the tax. Notices must be issued at least six months prior to the limitation for orders; statements for additional periods may be treated as notices if grounds (other than fraud) match earlier notices. The officer shall determine tax, interest and penalty and issue an order within the five year limitation. Act-Rules GST - States Tue, 27 Jun 2017 14:23:02 +0530 https://www.taxtmi.com/acts?id=28066