Web14 Apr 2024 · (d) Proceed to determine the tax and other dues against the registered person under section 73 or section 74 of the CGST Act, 2024. Question 6. Explain the recourse that may be taken by the officer in case proper explanation is not furnished for the discrepancy detected in the return filled, while conducting scrutiny of returns under section 61 of the … Web4 Apr 2024 · Levy of penalty under section 73(11) of CGST Act, 2024. Sub-section (11) of CGST Act, 2024 is an overriding provision and over rides sub-section (6) and (8) in respect of penalty. This sub-section overrides sub-section (6) and (8) and states that penalty under sub-section (9) (10% of tax or ₹ 10,000/- whichever is higher) shall still be ...
Implications of amendments in GST dated 15.10.2024 in Rule 142 …
Web18 hours ago · And, the order is passed within the time limit specified under Section 73 or Section 74 of the CGST Act. 9. Mr Ghosh contends that it is only in cases where the refund has been erroneously granted that the Appellate Authority can assume the power to pass any orders in terms of the second proviso to Section 107(11) of the CGST Act for denying … Web21 Oct 2024 · Further according to Section 74(5) of CGST Act, If a Registered Person pays the demanded amount as ascertained and communicated by the proper officer in FORM GST DRC-01A then such Registered Person is liable to pay Penalty equivalent to 15% . Otherwise, If that registered person pays the demanded amount, after servicing of notice u/s Section … how old is john gumm
Section 74 of CGST Act: Demand in Fraud Cases
Web23 May 2024 · Section 74 (5) The person chargeable with tax may, before service of notice under sub-section (1), pay the amount of tax along with interest payable under section 50 … Web13 Apr 2024 · 4. Insertion in Section 17(5) (fg) CGST Act Section 17(5) (fa) is being inserted to block ITC on goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility referred to in section 135 of the Companies Act, 2013. Web20 Apr 2024 · “(1) Where the service of notice or issuance of order is stayed by an order of a court or Appellate Tribunal, the period of such stay shall be excluded in computing the … mercury drug delivery service number