Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized by reason of fraud or any willful-misstatement or suppression of facts

Section 67 - Draft-Bills-Reports - DEMANDS AND RECOVERY - Goods and Services Tax - Section 67 - 67. (1) Where any tax has not been paid or short paid or erroneously refunded or where input tax credit has been wrongly availed or utilized by reason of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e, or who has wrongly availed or utilized input tax credit requiring him to show cause why he should not pay the amount specified in the notice along with interest payable thereon under section 45 and a penalty equivalent to the tax specified in the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

roper officer may serve a statement, containing the details of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized for such periods other than those covered under sub-section (1), on the person chargeabl .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

same as are mentioned in the earlier notice. (4) 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 under s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ipt 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 leviable under the provisions of this Act or the rules made there unde .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rt of the amount actually payable. (6) Where any person chargeable with tax under sub-section (1) or under subsection (3) pays the said tax along with interest payable under section 45 and a penalty equivalent to twenty five per cent of such tax with .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ount of tax, interest and penalty due from such person and issue an order. (8) The proper officer shall issue the order under sub-section (7) within a period of five years from the due date for filing of annual return for the year to which the tax no .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version