Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason pertaining to Financial Year 2024-25 onward

Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason pertaining to Financial Year 2024-25 onward https://www.taxtmi.com/acts?id=43909 Section 74A provides a special mechanism for determination of tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilised for Financial Year 2024-25 onwards. It sets the notice threshold, limitation periods, order timelines, graded penalties for non-fraud and fraud cases, and pre-notice or post-notice payment options that may conclude proceedings. It also addresses shortfall in pre-notice payment, delayed self-assessed tax, and the meaning of suppression. en-us Wed, 21 Aug 2024 15:14:20 +0530 Thu, 25 Jun 2026 18:17:24 +0530 TaxTMI RSS Generator Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason pertaining to Financial Year 2024-25 onward https://www.taxtmi.com/acts?id=43909 Section 74A provides a special mechanism for determination of tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilised for Financial Year 2024-25 onwards. It sets the notice threshold, limitation periods, order timelines, graded penalties for non-fraud and fraud cases, and pre-notice or post-notice payment options that may conclude proceedings. It also addresses shortfall in pre-notice payment, delayed self-assessed tax, and the meaning of suppression. Act-Rules GST Wed, 21 Aug 2024 15:14:20 +0530 https://www.taxtmi.com/acts?id=43909