https://www.taxtmi.com/article/detailed?id=12818 Insertion of a new Section 74A consolidates demand and recovery procedures by replacing the prior Sections 73 and 74 with unified time limits for show cause notices and adjudication, expands the department's window in non fraud matters, removes certain input tax credit denials tied to detention/confiscation, introduces a power to regularise short or non payments, and prescribes a staged penalty regime including full tax penalty for proven fraud and reduced penalties where fraud is not established. en-us Wed, 24 Jul 2024 16:33:07 +0530 Wed, 24 Jul 2024 16:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12818 Insertion of a new Section 74A consolidates demand and recovery procedures by replacing the prior Sections 73 and 74 with unified time limits for show cause notices and adjudication, expands the department's window in non fraud matters, removes certain input tax credit denials tied to detention/confiscation, introduces a power to regularise short or non payments, and prescribes a staged penalty regime including full tax penalty for proven fraud and reduced penalties where fraud is not established. Articles Goods and Services Tax - GST Wed, 24 Jul 2024 16:33:07 +0530 https://www.taxtmi.com/article/detailed?id=12818