ॐ असतो मा सद्गमय
Yes. If it is expedient in the interest of the revenue, the proper officer, after recording reasons in writing, may require taxable person to make such payment within shorter period as may be prescribed by him.
(ICAI FAQ PUBLICATIONS 06-09-2017 Initiation of recovery proceedings : FAQ NO. 42)
The proper officer shall initiate recovery proceedings if the tax demand is not paid within 3 months from the date of service of the order.
(ICAI FAQ PUBLICATIONS 06-09-2017 Initiation of recovery proceedings : FAQ NO. 41)
Yes. The demand shall be payable by the taxable person within a period of 3 months from the date of service of the order.
(ICAI FAQ PUBLICATIONS 06-09-2017 Initiation of recovery proceedings : FAQ NO. 40)
No. A registered person shall not be required to pay any interest on the amount of IGST payable.
(ICAI FAQ PUBLICATIONS 06-09-2017 Tax wrongfully collected and paid to Central Government or State Government: FAQ NO. 39)
No. Such registered person shall not be required to pay any interest on the amount of CGST and SGST or CGST and UTGST payable, as the case may be.
(ICAI FAQ PUBLICATIONS 06-09-2017 Tax wrongfully collected and paid to Central Government or State Government : FAQ NO. 38)
Refund of IGST (in IGST Act) shall be granted in such manner and subject to such conditions as may be prescribed.
(ICAI FAQ PUBLICATIONS 06-09-2017 Tax wrongfully collected and paid to Central Government or State Government : FAQ NO. 37)
Refund of CGST and SGST or, as the case may be, CGST and UTGST shall be granted in such manner and subject to such conditions as may be prescribed.
(ICAI FAQ PUBLICATIONS 06-09-2017 Tax wrongfully collected and paid to Central Government or State Government : FAQ NO. 36)
Yes. The person who has borne the incidence of the amount may apply for the refund of the same in accordance with the provisions of section 54.
(ICAI FAQ PUBLICATIONS 06-09-2017 Tax collected but not paid to Government : FAQ NO. 35)
No. Notice can be issued on detection of such cases without any time limit. Once show cause notice is issued, the proper officer shall pass the order within 1 year from the date of issue of such notice.
(ICAI FAQ PUBLICATIONS 06-09-2017 Tax collected but not paid to Government: FAQ NO. 34)
Yes. In addition to the amount payable by him, the person is required to pay interest under Section 50 on the same from the date of collection of the amount till the date such amount is paid to the Government.
(ICAI FAQ PUBLICATIONS 06-09-2017 Tax collected but not paid to Government : FAQ NO. 33)