Last date for Issuance of Orders u/s 73 of GST Act for FY 2019-20 is Today
For the FY 2019-20, the deadline for issuing such orders is 31st August 2024
GST Notices and Demand Orders cab be daunting for assessees and tax-professionals. Today, 31st August 2024, marks the last date for the issuance of demand orders under Section 73 of the Central Goods and Services Tax ( CGST ) Act for the Financial Year (FY) 2019-20. Under Section 73 of the CGST Act, authorities must issue a show cause notice and pass an order determining tax liability for...
GST Notices and Demand Orders cab be daunting for assessees and tax-professionals. Today, 31st August 2024, marks the last date for the issuance of demand orders under Section 73 of the Central Goods and Services Tax ( CGST ) Act for the Financial Year (FY) 2019-20.
Under Section 73 of the CGST Act, authorities must issue a show cause notice and pass an order determining tax liability for any underpayment or non-payment of tax without the involvement of fraud, willful misstatement, or suppression of facts.
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For the FY 2019-20, the deadline for issuing such orders is 31st August 2024.
This deadline is crucial for the department as it presents the final opportunity for GST authorities to assess and recover any outstanding GST liabilities for the FY 2019-20.
Businesses that have received notices or are under assessment should ensure that all necessary documentation and responses are in place to avoid any adverse outcomes.
Get a Copy of GST Ready Referencer – Practical Guide for Professionals, Click here
Summary of Key Dates:
- Tax Period: FY 2019-20
- Due Date for GSTR 9: 31st December 2020
- Last Date for Issuance of Notice: 31st January 2024
- Last Date for Issuance of Order: 31st August 2024
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