Search results
Dec 11, 2020 · Section 73 and 74 provides mechanism to determine tax liability of taxable person and to adjudicate the case, to recover amount of tax, applicable interest and amount of penalty due as per provision of law. Section 73 is applicable to normal cases and 74 covers fraud/tax evasion cases.
Apr 8, 2023 · Section 73 of CGST Act, 2017: Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized for any reason other than fraud or any willful-misstatement or suppression of facts.
GST voluntary payment under Section 73(5) refers to the option available to a taxpayer to pay any amount of tax, interest, or penalty voluntarily before the issuance of a show cause notice by the tax authorities.
Jul 23, 2020 · Section 73- Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts.
Jul 7, 2021 · It has been clarified vide circular no 76/50/2018 - GST dated 31-12-2018 that provisions of section 73(11) of CGST Act are invoked only when Section 73 is invoked. Incase of delay filing form 3B, Section 73 cannot be invoked as tax is paid along with the return.
Mar 28, 2024 · Section 73 (6): The proper officer, on receipt of such information, shall not serve any notice under sub-section (1) or, as the case may be, the statement under sub-section (3), in respect of the tax so paid or any penalty payable under the provisions of this Act or the rules made thereunder.
Section 73 (5) in The Central Goods and Services Tax Act, 2017. (5) The person chargeable with tax may, before service of notice under sub-section (1) or, as the case may be, the statement under sub-section (3), pay the amount of tax along with interest payable thereon under section 50 on the basis of his own ascertainment of such tax or the ...
