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=54499 Section 74A establishes a special mechanism for determining tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilised for financial years 2024-25 onwards. It sets notice limits, time limits, penalty rates for non-fraud and fraud cases, and pre-notice and post-notice payment options with corresponding consequences. It also provides for determination of tax, interest and penalty by order, an extension mechanism, and clarifies the meaning of suppression and the scope of concluded proceedings. en-us Mon, 25 May 2026 15:16:04 +0530 Mon, 25 May 2026 15:16:04 +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=54499 Section 74A establishes a special mechanism for determining tax not paid, short paid, erroneously refunded, or input tax credit wrongly availed or utilised for financial years 2024-25 onwards. It sets notice limits, time limits, penalty rates for non-fraud and fraud cases, and pre-notice and post-notice payment options with corresponding consequences. It also provides for determination of tax, interest and penalty by order, an extension mechanism, and clarifies the meaning of suppression and the scope of concluded proceedings. Act-Rules GST - States Mon, 25 May 2026 15:16:04 +0530 https://www.taxtmi.com/acts?id=54499