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GST big breaking | sec 74A | ഇനി നടപടികൾ വേഗത്തിൽ , പെനാൽറ്റി ഇല്ല | warrier’s tax and laws This video explains the complete details about the new inserted section 74A which replaces sec 73 & sec 74 from 2024-25 . The advantageous of the section and big relief offered are the reduced litigation, framing of less time frame for completing the proceedings and issue of SCN. This section is a business friendly initiative from the GST department. It’s a big announcement of the 53rd GST council and inserted by Finance bill 2024 as per budget 2024. Reduced penalty , no penalty and minimum time for completion of assessment are the highlights of sec 74A, latest on gst , gst updates , tax video malayalam , warrier’s tax and laws . Section 74A attempts to standardise the timeframe for issuing notice, tax demand, and penalty relief for any due tax liability irrespective of fraud, wilful misstatement, or suppression of facts. This section is applicable from FY 2024-25 and will supersede Sections 73 and 74. You can also visit my Twitter : / warrieradv_tgm Instagram : / adv_tgmwarrier You tube channel : / warrierstaxa. . PLEASE WATCH OTHER VIDEOS ON TAXATION & tax planning SEC 16(5) itc new change : • GST input tax credit | സെക്ഷൻ 16-ലെ പുതിയ... Gst amnesty scheme 2024 : • GST amnesty scheme 2024| നികുതി കുടിശ്ശിക ... AMNESTY SCHEME VAT : • amnesty scheme 2024 | Kerala budget 2024 |... Income tax on salary and partnership firm : • budget 2024 | income tax video malayalam| ... Budget highlights 2024 capital gains : • budget 2024 | capital gain tax new budget ... Cash limit on property transactions : • cash limit on property purchase & sale | i... Income tax on property sales : • income tax on property sale in India | ho... Capital gain how to save : • income tax on property sale in India | ho... Donation exemption u/s 80G : https://studio.youtube.com/video/5MTJ... Query resolved Section 74A of gst timeframe for issuing notice under gst Time limit to issue show cause notice under gst Penalties under gst gst fraud cases 53rd GST council Finance bill 2024 budget 2024 highlights of sec 74A latest on gst gst updates tax video malayalam warrier’s tax and laws . #Section74Aofgst #timeframeforissuingnoticeundergst #Timelimittoissueshowcausenoticeundergst #Penaltiesundergst #53rdGSTcouncil #Financebill2024 #budget2024 #gstfraudcases #highlightsofsec74A #latestongst #gstupdates #taxvideomalayalam #section74agst #warrier’staxandlaws Thank You Warrier’s Tax and Laws.