https://www.taxtmi.com/acts?id=43861 A new statutory procedure empowers the proper officer to issue show cause notices for tax not paid or short paid, erroneous refunds or wrongly availed input tax credit for periods from the stated financial year; notices must be issued within a prescribed period, statements extending the same grounds may be served, and the provision establishes tiered penalties for non fraudulent and fraudulent conduct, pre notice and post notice settlement options to conclude proceedings, and timelines with limited authorised extensions for issuance of a determination order. en-us Sat, 17 Aug 2024 13:41:45 +0530 Mon, 30 Sep 2024 16:34:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43861 A new statutory procedure empowers the proper officer to issue show cause notices for tax not paid or short paid, erroneous refunds or wrongly availed input tax credit for periods from the stated financial year; notices must be issued within a prescribed period, statements extending the same grounds may be served, and the provision establishes tiered penalties for non fraudulent and fraudulent conduct, pre notice and post notice settlement options to conclude proceedings, and timelines with limited authorised extensions for issuance of a determination order. Act-Rules F. Acts / Amendment Acts Sat, 17 Aug 2024 13:41:45 +0530 https://www.taxtmi.com/acts?id=43861