Expert Knowledge, Straight from Practitioners.

Section 74 of CGST Act: Demand in Fraud Cases (Updated till on July 2024)

Section 74 of CGST Act “Section 74 of CGST Act provide for Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful misstatement or suppression of facts. (1) Where

Section 65 of CGST Act: Audit by Tax Authorities (Updated till on July 2024)

Section 65 of CGST Act : Audit by Tax Authorities Section 65 of CGST Act provide for the audit by the tax authorities. Audit rules are also released by CBEC. These rules have procedure and prescribed forms for Audit. “(1) The Commissioner or any officer

Section 85 of CGST Act: Liability in case of transfer of business (Updated till July 2024)

Section 85 of CGST Act : Section 85 of CGST Act provide for the liability in case of transfer of business. (1) Where a taxable person, liable to pay tax under this Act, transfers his business in whole or in part, by sale, gift, lease,

Section 90 of CGST Act: Liability of Partners of Firm to Pay Tax (Updated till on July 2024)

Section 90 of CGST Act: Liability of partners of firm to pay tax Section 90 of CGST Act provide for the liability of partners for the dues from partnership firm. “Notwithstanding any contract to the contrary and any other law for the time being in

Section 84 of CGST Act: Continuation and Validation of Certain Recovery Proceedings (Updated Till on July 2024)

Section 84 of CGST Act : Section 84 of CGST Act provide for the continuation and validation of certain recovery proceedings “Where any notice of demand in respect of any tax, penalty, interest or any other amount payable under this Act, (hereafter in this section

Section 64 of CGST Act: Summary Assessment in Certain Special Cases (Updated till July 2024)

Section 64 of CGST Act : Summary assessment in certain special cases Section 64 of CGST Act provide for the summary assessment. “(1) The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous permission

Section 77 of CGST Act: Tax wrongfully collected(Updated till July 2024 )

Section 77 of CGST Act Section 77 of CGST Act provide for Tax wrongfully collected and paid to Central Government or State Government “(1) A registered person who has paid the Central tax and State tax or, as the case may be, the central tax and

Section 68 of CGST Act: inspection of goods in movement(Updated till July 2024)

Section 68 of CGST Act Section 68 of CGST Act provide for the inspection of Goods in movement. “(1) The Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount as may be specified to

Section 73 of CGST Act: Non Fraud Cases Demand (Updated till on July 2024)

Section 73 of CGST Act : Section 73 of CGST Act Determine the tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised in non fraud cases “(1) Where it appears to the proper officer that any tax

Section 62 of CGST Act: Assessment of non-filers of returns (Updated till on July 2024)

Section 62 of CGST Act : Section 62 of CGST Act provide for the assessment of non- filers of return. “(1) Notwithstanding anything to the contrary contained in section 73 or section 74, where a registered person fails to furnish the return under section 39

Section 61 of CGST Act: Scrutiny of returns (updated till on July 2024)

Section 61 of CGST Act: Scrutiny of returns Section 61 of CGST Act provide for the scrutiny of returns.Proper officer is given power to scrutinize the returns with the data provided to verify their correctness. “(1) The proper officer may scrutinize the return and related

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Section 49B of CGST Act: Order of utilisation of input tax credit (Updated till on July 2024)

Section 49B of CGST Act: Order of utilisation of input tax credit. Notwithstanding anything contained in this Chapter and subject to the provisions of clause (e) and clause (f) of sub section (5) of section 49, the Government may, on the recommendations of the Council,

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