- This topic has 1 reply, 2 voices, and was last updated 9 years, 3 months ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
“assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment;
The types of assessment covered under the Act are:
- Self-assessment (Section 59)
- Provisional assessment (Section 60)
- Summary assessment (Section 62) including best judgement assessment The CGST Act also provides for determination of tax liability by:
- Scrutiny of returns filed by registered persons (Section 61)
- Assessment of non-filers of returns (Section 62)
- Assessment of un-registered persons (Section 63)
It may, however, be noted that there is no provision permitting a Proper Officer to re-assess the tax liability of taxable person. As such, reference to such re-assessment in the definition may have to be suitably read down.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.