GST India Forum – Goods and Services Tax | Place for Experts Forums Bare Law Section 184- Treatment of the amount recovered or refunded in pursuance

Viewing 1 post (of 1 total)
  • Author
    Posts
  • Madrecha and CoMadrecha and Co
    Participant
    Post count: 202
    Topics: 202
    Replies: 0
    Been thanked: 0 times
    #392 |

    Treatment of the amount recovered or refunded in pursuance of assessment or adjudication proceedings

    (1)Where in pursuance of an assessment or adjudication proceedings instituted, whether before, on or after the appointed day, under the earlier law, any amount of tax, interest, fine or penalty becomes recoverable from the taxable person after the appointed day, the same shall be recovered as an arrear of tax under this Act and the amount so recovered shall not be admissible as input tax credit under this Act.
    (CGST Law)

    (1)Where in pursuance of an assessment proceedings instituted, whether before, on or after the appointed day, under the earlier law, any amount of tax, interest, fine or penalty becomes recoverable from the taxable person after the appointed day, the same shall be recovered as an arrear of tax under this Act and the amount so recovered shall not be admissible as input tax credit under this Act.
    (SGST Law)

    (2)Where in pursuance of an assessment or adjudication proceedings instituted, whether before, on or after the appointed day, under the earlier law, any amount of tax, interest, fine or penalty becomes refundable to the taxable person, the same shall be refunded to him in cash under the earlier law, notwithstanding anything to the contrary contained in the said law other than the provisions of sub-section (2) of section 11B of the Central Excise Act, 1944.
    (CGST Law)

    (2)Where in pursuance of an assessment proceeding instituted, whether before, on or after the appointed day, under the earlier law, any amount of tax, interest, fine or penalty becomes refundable to the taxable person, the same shall be refunded to him in accordance with the provisions of earlier law.
    (SGST Law)

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.