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=28243 Where tax shortfall, erroneous refund or wrongfully availed input tax credit arises by reason of fraud or wilful misstatement or suppression of facts, the proper officer issues a notice requiring payment of the tax, interest under section 50 and a penalty equal to the tax; related periods may be covered by a deemed notice statement, voluntary pre-notice payment attracts a reduced penalty, and payment within prescribed post-notice or post-order windows concludes proceedings. en-us Wed, 28 Jun 2017 14:34:40 +0530 Tue, 04 Jul 2017 15:33:34 +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=28243 Where tax shortfall, erroneous refund or wrongfully availed input tax credit arises by reason of fraud or wilful misstatement or suppression of facts, the proper officer issues a notice requiring payment of the tax, interest under section 50 and a penalty equal to the tax; related periods may be covered by a deemed notice statement, voluntary pre-notice payment attracts a reduced penalty, and payment within prescribed post-notice or post-order windows concludes proceedings. Act-Rules GST - States Wed, 28 Jun 2017 14:34:40 +0530 https://www.taxtmi.com/acts?id=28243