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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.
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 ...
(11) ―assessment‖ means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment; (12) ―associated enterprises‖ shall have the same meaning as assigned to it in section 92A of the Income-tax Act, 1961;
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.
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.
Trademark. TDS returns. cgst 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.
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.
