https://www.taxtmi.com/article/detailed?id=10368 Audit identifies short payment, erroneous refund or wrongful input tax credit; where discrepancies arise the law establishes two pathways: civil determination for bonafide mistakes and penal determination only where there is a deliberate intention to evade tax by fraud, wilful misstatement or suppression of facts. Penal proposals require cogent prima facie material of intent; mere omissions or inadvertent errors do not suffice. en-us Fri, 29 Apr 2022 10:55:49 +0530 Fri, 29 Apr 2022 10:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10368 Audit identifies short payment, erroneous refund or wrongful input tax credit; where discrepancies arise the law establishes two pathways: civil determination for bonafide mistakes and penal determination only where there is a deliberate intention to evade tax by fraud, wilful misstatement or suppression of facts. Penal proposals require cogent prima facie material of intent; mere omissions or inadvertent errors do not suffice. Articles Goods and Services Tax - GST Fri, 29 Apr 2022 10:55:49 +0530 https://www.taxtmi.com/article/detailed?id=10368