Section 62 – Assessment of non-filers of returns of CGST ACT, 2017<\/p>\n
62. (1) Notwithstanding anything to the contrary contained in section 73 or section 74,
\nwhere a registered person fails to furnish the return under section 39 or section 45, even after
\nthe service of a notice under section 46, the proper officer may proceed to assess the tax
\nliability of the said person to the best of his judgement taking into account all the relevant
\nmaterial which is available or which he has gathered and issue an assessment order within a
\nperiod of five years from the date specified under section 44 for furnishing of the annual
\nreturn for the financial year to which the tax not paid relates.
\n(2) Where the registered person furnishes a valid return within thirty days of the
\nservice of the assessment order under sub-section (1), the said assessment order shall be
\ndeemed to have been withdrawn but the liability for payment of interest under
\nsub-section (1) of section 50 or for payment of late fee under section 47 shall continue.<\/p>\n","protected":false},"excerpt":{"rendered":"
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”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/251"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=251"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/251\/revisions"}],"predecessor-version":[{"id":252,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/251\/revisions\/252"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}