Ch 4 · GST — Assessment, Audit & Demands

⭐ Important points (exam-critical)

• ⭐GST Appellate Tribunal (GSTAT) — recently operationalised (notified 2024).
• ⭐Anti-profiteering provisions now under Competition Commission of India (CCI).
• ⭐Pre-deposit for appeal: 10% of tax + 25% for second appeal (max ₹25 cr).
• ⭐Sec 74 demand has lower threshold of fraud/suppression — important for tax planning.