https://www.taxtmi.com/article/detailed?id=12728 The GST regime distinguishes non-fraudulent tax shortfalls from fraud or willful misstatement; a show cause notice requires payment of specified tax, interest and a penalty equivalent to the tax unless the taxable person pays tax, interest and reduced penalties within prescribed pre-notice or post-notice windows, whereupon proceedings for those amounts are deemed concluded. The proper officer determines tax, interest and penalty after representation and must issue an order within a statutory limitation; failure to pay confirmed amounts permits departmental recovery. Penalties under the fraud-related provision are not waivable, while other specified penalties may be waived by notification. Appeals lie to the first appellate authority within the statutory time limit. en-us Mon, 24 Jun 2024 08:17:02 +0530 Mon, 24 Jun 2024 08:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12728 The GST regime distinguishes non-fraudulent tax shortfalls from fraud or willful misstatement; a show cause notice requires payment of specified tax, interest and a penalty equivalent to the tax unless the taxable person pays tax, interest and reduced penalties within prescribed pre-notice or post-notice windows, whereupon proceedings for those amounts are deemed concluded. The proper officer determines tax, interest and penalty after representation and must issue an order within a statutory limitation; failure to pay confirmed amounts permits departmental recovery. Penalties under the fraud-related provision are not waivable, while other specified penalties may be waived by notification. Appeals lie to the first appellate authority within the statutory time limit. Articles Goods and Services Tax - GST Mon, 24 Jun 2024 08:17:02 +0530 https://www.taxtmi.com/article/detailed?id=12728