Section 73 and 74 of CGST Act 2017: Demand of Tax

CMA SIVAKUMAR A,ACMA. | Last updated: 23 September 2023

Save Share

Quick Summary

Sections 73 and 74 of the CGST Act 2017 outline the procedures for determining and demanding tax that has not been paid, has been underpaid, or has been erroneously refunded, as well as for input tax credit (ITC) that has been wrongly claimed. Section 73 covers cases not involving fraud or wilful misstatement, while Section 74 deals with situations involving fraud, wilful misstatement, or suppression of facts to evade tax, which carry higher penalties. Both sections allow for voluntary payment of tax, interest, and penalties, with specific timelines and procedures outlined for taxpayers to settle their liabilities.

Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts Sec 73 of the CGST Act 2017 (1) Where it appears to the proper officer that any tax has not bee

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Articles Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

BEST VALUE

2 YEAR PLAN

3,499

(Excl. of GST ₹629)

1 YEAR PLAN

1,999

(Excl. of GST ₹359)

3 MONTHS PLAN

999

(Excl of GST ₹179)

View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

85549 Views Comment Share GST Report

About the Author

CMA SIVAKUMAR A,ACMA.

Assistant professor of commerce,SreeNeela kanta Govt Sanskrit College,Pattambi,kerala

I am CMASIVAKUMAR.A,ACMA. Member of Cost Accountants of India.Membership No-46472 Assistant Professor of Commerce,Sree Neelakanata Govt.Sanskrit College,Pattambi,Kerala I have both teaching experience and Accounting Experience. Teacher from 2001.My Qualifications are CMA,ACMA,M.com,DCA,NET,SET,HDC,IIT Ro ... Read more

View Articles

Comments :