Goods and Services Tax : GST law is a voluntary compliance-based taxation system. One of the key features of GST is its self-assessment system. The entire ...
Goods and Services Tax : Stay informed on the latest GST updates! CBIC issues 9 Notifications extending deadlines for GST Forms & Amnesty Schemes. Learn ab...
Goods and Services Tax : This article is written with the objective to reduce the fear of dealers and assist them in handling GST Scrutiny/Assessment. I be...
Goods and Services Tax : Explore the impact of GST on Indias thriving online gaming industry. Uncover the recent developments, legal perspectives, and the ...
Goods and Services Tax : Introduction to GST- Section 63- Assessment of Unregistered Persons -Section 63 of CGST Act, 2017 is applicable to unregistered pe...
Goods and Services Tax : This course covers all the provisions related to GST Audit & Assessment in a very easy and simple way with live practical exam...
Goods and Services Tax : In a tweet Anurag Thakur, MoS for finance has clarified that there is No such proposal for scrutiny of GST assessment in a faceles...
Goods and Services Tax : The issue under consideration is whether the serving of assessment order by uploading it on web portal and not communicated separa...
Goods and Services Tax : Amnesty scheme for deemed withdrawal of assessment orders under Section 62 of CGST Act has been extended till August 2023 by Notif...
> Introduction A supplier will come to know the extent of his tax liability which has to be discharged on a continuous and regular basis only after assessment. Section 2(11)-Assessment means determination of tax liability and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment. The major determinants of the tax liability are […]
Section 62 of the Act is resorted only in the cases where return is not filed and assessment cannot be done without relying upon prudence of the assessing officer. Once the facts and figures of the liability is before the assessing officer then any assessment based upon his prudence will not only belie the express statutory provisions but also frustrate the entire aim and objective of the Act.
Under GST act , main thrust is on self compliance. Therefore , self assessment has given great importance in the scheme of the act. It is specifically provided in section 59 that every registered person should self assess his tax liability as per provision of act and after payment of such tax, and furnish valid return for each tax period , as specified in section 39 of the act.
Article gives format of Draft GST Appeal to Appellate Authority in case of Fake Invoice Case. Format includes Format of Form GST APL – 01 with detailed submission. Form GST APL – 01 [See Rule 108(1)] Appeal to Appellate Authority 1. GSTIN/TEMPORARY ID/UIN XXXXX 2. Legal name of the appellant XXXXX 3. TRADE NAME, IF […]
The issue under consideration is whether the serving of assessment order by uploading it on web portal and not communicated separately to the assessee will be considered as valid under law?
Audit and Assessment under GST The revenue authorities are in the forefront to complete the historical audits/assessment under the erstwhile tax laws for the period up to June 2017. The CBIC has released GST audit plan for the year 2019-20 vide F. No. 381/49/2019 on 25.06.2019. The audit plan released by the CBIC takes the […]
Audit/Assessment to Adjudication under GST and stealth comparison to the erstwhile tax regime- Article explains Assessment/audit under GST, Key aspects concerning demand under the service tax law vis-a-vis GST law, Crucial aspects of GST demand provisions, Timeline for issuance of SCN & concluding adjudication, Limitation period under GST Law for GST Audit, How Taxpayer should […]
Simplified GST Series – Section 59-64/CGST ACT 2017/Assessment- Article explains Section 59- Self Assessment, Section 60- Provisional Assessment, Section 61- Scrutiny of Returns, Section 62- Assessment of non-filers of returns, Section 63-Assessment of unregistered persons and Section 64- Summary assessment in certain special cases. Section 59- Self Assessment Every registered taxable person shall self assess […]
Provisional assessment under GST If the taxable person is unable to determine the value of goods or services or both or determine the rate of tax applicable thereto, he may request the officer for payment of tax on a provisional basis and the officer shall pass an order, within ninety days from the date of […]
Unearthing tax evasion can often lead to discovering of other underlying offences. More often than not, it so happens that despite knowing the modus operandi used by tax evaders , law enforcement agencies are unable to prove beyond doubt the culpability of tax evader and it becomes difficult to put on record admissible material evidence […]
