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Jul 23, 2020 · Sponsored. Simplified GST Series –Demands & recovery /Section 73/ CGST ACT 2017. 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. (1) Where it appears to the proper officer that any ...
Tribunal and the Authority referred to in sub-section (2) of section 171]3; (5) ―agent‖ means a person, including a factor, broker, commission agent, arhatia, ... of sub-section (1) of section 2 of the Company Secretaries Act, 1980; (29) ―competent authority‖ means such authority as may be notified by the Government; (30) ―composite supply‖ means a supply made by a taxable person to a ...
Apr 8, 2023 · 1. Extension of Limitation to Issue order u/s 73 of CGST ACT would also extend time limit to issue SCN. (Kerla HC). 2. No Coercive steps shall be taken for recovery without following adjudication process u/s 73/74 of CGST ACT. (Delhi HC). EXTRACT OF SECTION 73 OF CGST ACT, 2017 FOR READY REFERENCE OF READERS.
Union of India - Subsection 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 tax as ascertained by the proper officer and inform the proper officer in writing of such payment. The person chargeable with ...
Mar 28, 2024 · Section 73(5) of CGST Act. Section 73(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 tax as ascertained by the ...
1 [Rule 142. Notice and order for demand of amounts payable under the Act. - (1) The proper officer shall serve, along with the (a) Notice issued under section 52 or section 73 or section 74 or section 76 or section 122 or section 123 or section 124 or section 125 or section 127 or section 129 or section 130, a summary thereof electronically in FORM GST DRC-01 , (b) statement under sub-section (3) of section 73 or sub-section (3) of section 74, a summary thereof electronically in FORM GST ...
sections 73 and 74 of the CGST Act and section 20 of the IGST Act (read with sections 73 and 74 of the CGST Act), up to the monetary limits as mentioned in columns (3), (4) and (5) respectively of the Table below:- Page 3 of 4 Table Sl. No. Officer of Central Tax Monetary limit of the amount of central tax (including cess) not paid or short paid or erroneously refunded or input tax credit of central tax wrongly availed or utilized for issuance of
Section 73 (5) encompasses several essential features aimed at simplifying the process of voluntary payment for both taxpayers and tax authorities: Proactive Compliance: Taxpayers can pay any due tax before receiving a notice from the tax authorities. Rectification of Errors: It allows businesses to amend errors or omissions in their tax ...
(12) Notwithstanding anything contained in section 73 or section 74, where any amount of self-assessed tax in accordance with a return furnished under section 39 remains unpaid, either wholly or ... (13) Where any penalty is imposed under section 73 or section 74, no penalty for the same act or omission shall be imposed on the same person under any other provision of this Act. *Enforced w.e.f. 1st July, 2017. 1. Inserted (w.e.f. 1st ...
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