Demand in case other than fraud or any wilful-misstatement or suppression of facts [Section 73] - GST Ready Reckoner - GST

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..... all issue the notice under section 73(1) at least three months prior to serving order. [section 73(2)] Time limit for issuance of Adjudication order :- As per section 73(10) time limit is within three years from the due date for furnishing of annual return for the financial year to which the tax not paid or short paid or input tax credit wrongly availed or utilised relates to or within three years from the date of erroneous refund. Extension of time limit specified u/s 73(10) for issuance of order u/s 73(9):- NOTIFICATION NO. 09/2023 - CENTRAL TAX notifies for the Extension of time limit for recovery of tax in in case other than fraud or any wilful-misstatement or suppression of facts namely:- (i) for the financial year 2017-18, up to the 3 .....

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Demand in case other than fraud or any wilful-misstatement or suppression of facts Section 73 - GST Ready Reckoner - GST

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..... ] [Voluntary Payment] Interest on tax always paid whether specified or not in demand order As Per section 73(5) In case of payment of 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. No Notice in case of payment of amount due Section 74(6) states that the proper officer, on receipt of such information, shall not serve any notice in respect of the tax so paid or any penalty payable under the provisions of this Act or the rules made thereunder. Consequences leading to notice in case of short payment Howsoever as Per Section 73(7) Where the proper officer is of the opinion .....

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Demand in case other than fraud or any wilful-misstatement or suppression of facts Section 73 - GST Ready Reckoner - GST

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..... ion 125 or section 127 or section 129 or section 130, a summary thereof electronically The proper officer may, before service of notice to the person chargeable with tax, interest and penalty, under sub-section (1) of Section 73 or sub-section (1) of Section 74, as the case may be, communicate the details of any tax, interest and penalty as ascertained by the said officer, in Part A of FORM GST DRC-01A (b) Statement issued in FORM GST DRC-02, under sub-section (3) of section 73 or sub-section (3) of section 74, a summary thereof electronically specifying therein the details of the amount payable. Where, before the service of notice or statement the person chargeable with tax makes payment of the tax and interest or where any person makes pa .....

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Demand in case other than fraud or any wilful-misstatement or suppression of facts Section 73 - GST Ready Reckoner - GST

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..... y notice issued under any section whose summary has been uploaded electronically in FORM GST DRC-01 under sub-rule (1) shall be furnished in FORM GST DRC-06. (5) A summary of the order issued under section 52 or section 62 or section 63 or section 64 or section 73 or section 74 or section 75 or section 76 or section 122 or section 123 or section 124 or section 125 or section 127 or section 129 or section 130 shall be uploaded electronically in FORM GST DRC-07, specifying therein the amount of tax, interest and penalty, as the case may be, payable by the person concerned (6) The order referred to in sub-rule (5) shall be treated as the notice for recovery. (7) Where a rectification of the order has been passed in accordance with the provisio .....

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Demand in case other than fraud or any wilful-misstatement or suppression of facts Section 73 - GST Ready Reckoner - GST

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