WebSection 73 of CGST Act 2024. * 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 … Web28 Apr 2024 · Section 73 – If it was not done with intention of fraud or any wilful misstatement or suppression of facts. Section 73(2) – Show Cause Notice mentioning …

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Web23 Oct 2024 · Section 73 and 74 of CGST Act, 2024 is for finding out the tax liability and adjudication of the case towards the basic and bogus or destruction case … Web1 Jan 2024 · Section 122 of CGST Act 2024: Penalty for Certain Offences (CHAPTER XIX – OFFENCES AND PENALTIES) (i) supplies any goods or services or both without issue of … pickleball paddles made in wi

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Web1. Allowing seamless flow of credit 2. Reducing cascading effect caused due to multiple indirect taxes Though GST has been majorly successful in achieving these objectives but has also caused serious concerns relating to fraudulent transfer of input tax credit by means of FAKE INVOICING. WebThe genesis of the introduction of GST in aforementioned country was positioned down in the historic Budget Speech away 28th February 2006, wherein of then Finance Minister laid down 1st April, 2010 when the date for the introduction of GST stylish the country. Thereafter, there is been adenine constant endeavor for the introduction in the GST in the … Web8 Apr 2024 · Ans. Section 73 invokes several circumstances as described below: Tax not paid. Tax short paid. Erroneously Refunded. Input Tax Credit wrongly availed. Input Tax … pickleball paddles niles michigan