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=29221 Where fraud, wilful misstatement or suppression results in tax not paid, short paid, erroneously refunded or wrongly availed input tax credit, the proper officer must serve a show cause notice requiring payment of the specified tax with interest and a penalty equal to the tax; notices must be issued at least six months before the outer time limit. Voluntary pre-notice or prompt post-notice payments with prescribed reduced penalties can conclude proceedings, and the officer must determine amounts after considering representations within the statutory limitation period. en-us Mon, 03 Jul 2017 15:36:23 +0530 Mon, 03 Jul 2017 15:36:23 +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=29221 Where fraud, wilful misstatement or suppression results in tax not paid, short paid, erroneously refunded or wrongly availed input tax credit, the proper officer must serve a show cause notice requiring payment of the specified tax with interest and a penalty equal to the tax; notices must be issued at least six months before the outer time limit. Voluntary pre-notice or prompt post-notice payments with prescribed reduced penalties can conclude proceedings, and the officer must determine amounts after considering representations within the statutory limitation period. Act-Rules GST - States Mon, 03 Jul 2017 15:36:23 +0530 https://www.taxtmi.com/acts?id=29221