https://www.taxtmi.com/forum/issue?id=116315 A communication under Section 74(5) permits voluntary payment of the ascertained tax with statutory interest and a 15% penalty and requires informing the proper officer; taxes paid under the recovery provisions for evasion are commonly treated as ineligible for input tax credit. Practitioners disagree whether a subsection (5) intimation is a procedural notice triggering adjudication or merely an invitation to self-assess and pay; the choice to pay, report in a subsequent return with officer concurrence, or await a formal show cause notice carries distinct credit and penalty consequences. en-us Sat, 23 May 2020 09:55:39 +0530 Thu, 23 Jan 2025 15:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116315 A communication under Section 74(5) permits voluntary payment of the ascertained tax with statutory interest and a 15% penalty and requires informing the proper officer; taxes paid under the recovery provisions for evasion are commonly treated as ineligible for input tax credit. Practitioners disagree whether a subsection (5) intimation is a procedural notice triggering adjudication or merely an invitation to self-assess and pay; the choice to pay, report in a subsequent return with officer concurrence, or await a formal show cause notice carries distinct credit and penalty consequences. Discussion-Forum GST Sat, 23 May 2020 09:55:39 +0530 https://www.taxtmi.com/forum/issue?id=116315