Find
Sec 74A, added by the Finance (No. 2) Act 2024, applies to demands for FY 2024-25 onwards, whether or not fraud is alleged. Sec 73 (non-fraud) and Sec 74 (fraud) apply to periods up to FY 2023-24.
GST
Which section applies: 73, 74 or 74A
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 74A, CGST Act 2017; Sec 73, CGST Act 2017; Sec 74, CGST Act 2017
Analysis
If your notice is for FY 2024-25 and cites Sec 73, it is under the wrong section, which is a point to raise. Under 74A, the penalty depends on whether fraud is alleged, so read the notice for that. Time limits and payment benefits differ too.
Close
- Check the period in the notice.
- Confirm the section matches the period.
- See whether fraud or suppression is alleged.
- Plan reply and payment based on the right section.
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.