CBIC Extends Time Limit for Passing Order u/s 73 for FY 2018-19 & 2019-20 | Notification
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Notification No. 56/2023 – Central Tax dated December 28th, 2023
The Government has extended the time limit for passing order under Section 73 for FY 2018-19 and FY 2019-20 till 30-04-2024 and 31-08-2024 respectively. Earlier, the said time limits were extended till 31-03-2024 and 30-06-2024 respectively vide Notification No. 09/2023-Central Tax, dated 31-03-2023. Notably, the said time limit has not been extended for FY 2017-18 and will remain 31-12-2023.
It should further be noted that the above time limit is applicable for the issuance of order in case of tax not paid, short paid, or ITC wrongly availed or utilised and is not applicable in the cases of erroneous refunds.
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