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=30063 Where tax is unpaid or wrongly refunded or input tax credit wrongly availed by reason of fraud, wilful misstatement or suppression of facts, the proper officer may issue a show-cause notice requiring payment of the tax, interest and a penalty equivalent to the tax; a detailed statement may be served as deemed notice for related periods if grounds (other than fraud) repeat; voluntary pre-notice and staged post-notice payment options with prescribed reduced penalties can conclude proceedings, and the officer must determine and issue an order within the statutory limitation after considering representations. en-us Sat, 08 Jul 2017 12:36:08 +0530 Sat, 29 Jul 2017 18:20:19 +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=30063 Where tax is unpaid or wrongly refunded or input tax credit wrongly availed by reason of fraud, wilful misstatement or suppression of facts, the proper officer may issue a show-cause notice requiring payment of the tax, interest and a penalty equivalent to the tax; a detailed statement may be served as deemed notice for related periods if grounds (other than fraud) repeat; voluntary pre-notice and staged post-notice payment options with prescribed reduced penalties can conclude proceedings, and the officer must determine and issue an order within the statutory limitation after considering representations. Act-Rules GST - States Sat, 08 Jul 2017 12:36:08 +0530 https://www.taxtmi.com/acts?id=30063