Assessment under GST
Assessment" means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment - clause 2(12) of GST Model Law, 2016.
Every registered taxable person shall himself assess the taxes payable under this Act and furnish a return for each tax period as specified under section 27 - clause 44 of GST Model Law, 2016.
Goods received returned to supplier - Where goods received in pursuance of an inward supply are returned by the recipient to the supplier within a period of six months from the date of the relevant invoice, the tax payable on such return supply shall be equal to the input tax credit availed of earlier in respect of such inward supply - explanation to clause 44 of GST Model Law, 2016.
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