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=29860 Where tax short payment, non payment, erroneous refund or wrongful input tax credit arises from fraud, wilful misstatement or suppression of facts, the proper officer must serve a show cause notice requiring payment of tax, interest and a penalty equivalent to the tax; supplementary statements may extend coverage for matching grounds; voluntary or timely payment at reduced penalty levels can conclude proceedings; the officer determines tax, interest and penalty and issues an order within the statutory limitation period, and conclusions under this section do not preclude prosecution proceedings. en-us Wed, 05 Jul 2017 16:40:57 +0530 Thu, 03 Aug 2017 12:15:33 +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=29860 Where tax short payment, non payment, erroneous refund or wrongful input tax credit arises from fraud, wilful misstatement or suppression of facts, the proper officer must serve a show cause notice requiring payment of tax, interest and a penalty equivalent to the tax; supplementary statements may extend coverage for matching grounds; voluntary or timely payment at reduced penalty levels can conclude proceedings; the officer determines tax, interest and penalty and issues an order within the statutory limitation period, and conclusions under this section do not preclude prosecution proceedings. Act-Rules GST - States Wed, 05 Jul 2017 16:40:57 +0530 https://www.taxtmi.com/acts?id=29860