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Service tax show cause notice format10/31/2023 Time is calculated from the due date of filing the annual return for the year to which the demand relates or date of refund. Further sections of the article will give you an overview of the demand and recovery provisions. Provisions of demand under the GST Act and the consequent recovery provisions are similar to the provisions of the erstwhile Service Tax and Central Excise laws. If there is any short payment or wrong utilisation of input tax credit, then the GST authorities will initiate demand and recovery provisions against the assessee. If the assessee pays the tax on self-assessment correctly then there will not be any problem. GST is payable on a self-assessment basis. When can a Demand Under GST be Raised by the Tax Authorities? Now, it is amended that the officer can confiscate and seize goods or vehicles even after concluding proceedings against all persons liable to pay specific or general penalties. The officer can issue notice u/s 74 to multiple persons for tax short paid or excess ITC claims by fraud. Circular 1-GST issued on 27th December 2022 clarified how and by when the tax officers can re-determine the tax, interest and penalty demand where there is no proper evidence of fraud, as a no-fraud case.
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