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Section 66- Special audit of CGST ACT, 2017 66. (1) If at any stage of scrutiny, inquiry, investigation or any other proceedings before him, any officer not below the rank of Assistant Commissioner, having regard to the nature and complexity of the case and the interest of revenue, is of the opinion that the value … Continue reading “Section 66- Special audit of CGST ACT, 2017”

Section 65 – Audit by tax authorities of CGST ACT, 2017 65. (1) The Commissioner or any officer authorised by him, by way of a general or a specific order, may undertake audit of any registered person for such period, at such frequency and in such manner as may be prescribed. (2) The officers referred … Continue reading “Section 65 – Audit by tax authorities of CGST ACT, 2017”

Section 64 – Summary assessment in certain special cases of CGST ACT, 2017 64. (1) The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous permission of Additional Commissioner or Joint Commissioner, proceed to assess the tax liability of such person to protect the … Continue reading “Section 64 – Summary assessment in certain special cases of CGST ACT, 2017”

Section 63 – Assessment of unregistered persons of CGST ACT, 2017 63. Notwithstanding anything to the contrary contained in section 73 or section 74, where a taxable person fails to obtain registration even though liable to do so or whose registration has been cancelled under sub-section (2) of section 29 but who was liable to … Continue reading “Section 63 – Assessment of unregistered persons of CGST ACT, 2017”

Section 62 – Assessment of non-filers of returns of CGST ACT, 2017 62. (1) Notwithstanding anything to the contrary contained in section 73 or section 74, where a registered person fails to furnish the return under section 39 or section 45, even after the service of a notice under section 46, the proper officer may … Continue reading “Section 62 – Assessment of non-filers of returns of CGST ACT, 2017”

Section 61 – Scrutiny of returns of CGST ACT, 2017 61. (1) The proper officer may scrutinize the return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed, if any, in such manner as may be prescribed and seek his explanation thereto. … Continue reading “Section 61 – Scrutiny of returns of CGST ACT, 2017”

Section 60 – Provisional assessment of CGST ACT, 2017 60. (1) Subject to the provisions of sub-section (2), where 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 proper officer in writing giving reasons for payment of … Continue reading “Section 60 – Provisional assessment of CGST ACT, 2017”

Section 59 – Selfassessment. of CGST ACT, 2017 59. Every registered person shall self-assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39.

Section 58 – Utilisation of Fund of CGST ACT, 2017 58. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. (2) The Government or the authority specified by it shall maintain proper and separate account and other relevant … Continue reading “Section 58 – Utilisation of Fund of CGST ACT, 2017”

Section 57 – Consumer Welfare Fund of CGST ACT, 2017 57. The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,— (a) the amount referred to in sub-section (5) of section 54; (b) any income from investment of the amount credited to the Fund; … Continue reading “Section 57 – Consumer Welfare Fund of CGST ACT, 2017”