Common time limit for issuing demand notices and orders, regardless of whether the case involves fraud, suppression, or willful misstatement
Under the self-assessment taxation regime, where tax is either not paid, short-paid, erroneously refunded, or Input Tax Credit (“ITC”) is wrongly availed or utilized—whether intentionally or unintentionally—then the proper officer may initiate action against the said registered person for the determination of tax and recovery of the said tax from the registered person.
