https://www.taxtmi.com/article/detailed?id=13016 Section 74A creates a unified regime for determining unpaid, short paid, erroneously refunded tax or wrongly availed input tax credit for relevant financial years, requiring a show cause notice within a single limitation period from the annual return due date or refund date, subject to a monetary threshold. It prescribes timelines for issuing orders, permits limited extensions, provides for pre notice voluntary payment to avoid notices or conclude proceedings, and differentiates penalties for non fraudulent shortfalls and for cases involving fraud, willful misstatement or suppression. en-us Mon, 14 Oct 2024 09:02:50 +0530 Mon, 14 Oct 2024 09:02:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13016 Section 74A creates a unified regime for determining unpaid, short paid, erroneously refunded tax or wrongly availed input tax credit for relevant financial years, requiring a show cause notice within a single limitation period from the annual return due date or refund date, subject to a monetary threshold. It prescribes timelines for issuing orders, permits limited extensions, provides for pre notice voluntary payment to avoid notices or conclude proceedings, and differentiates penalties for non fraudulent shortfalls and for cases involving fraud, willful misstatement or suppression. Articles Goods and Services Tax - GST Mon, 14 Oct 2024 09:02:50 +0530 https://www.taxtmi.com/article/detailed?id=13016