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Home Acts & Rules Bills GST - Draft-Bills-Reports FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 13 = Assessment and Audit Chapters List This

Assessment and Audit - FAQ on GST dated 21.9.2016 based on Draft Model GST
Chapter: 13
Assessment and Audit
Question 1 : Who is the person responsible to make assessment of taxes payable under the Act?
Question 2 : Is there any provision in MGL for tax treatment of goods returned by the recipient?
Question 3 : ‘A’ supplied goods to ‘B’ in April 2017, these goods were returned by ‘B’ to ‘A’ on June 2017. The tax rate charged by ‘A’ on such goods was 18%. In May 2017, the rate was amended to 18.5%. What is the tax payable on return of such inward supply by ‘B’ to ‘A’?
Question 4 : When can a taxable person pay tax on a provisional basis?
Question 5 : What is the latest time by which final assessment is required to be made?
Question 6 : Where the tax liability as per the final assessment is higher than in provisional assessment, will the taxable person be liable to pay interest?
Question 7 : What recourse may be taken by the officer in case proper explanation is not furnished for the discrepancy detected in the return filed under section 45 of MGL?
Question 8 : Whether Proper Officer is required to give any notice to taxable person before completing assessment u/s 46?
Question 9 : If a taxable person fails to file the return required under law (under section 27 or 31), what legal recourse is available to the tax officer?
Question 10 : Under what circumstances can a best judgment assessment order issued under section 46 be withdrawn?
Question 11 : What is the time limit for passing order u/s 46 and 47?
Question 12 : What is the legal recourse available in respect of a person who is liable to pay tax but has failed to obtain registration?
Question 13 : Under what circumstances can a tax officer initiate Summary Assessment?
Question 14 : Other than appellate remedy, is there any other recourse available to the taxpayer against a summary assessment order?
Question 15 : Is summary assessment order to be necessarily passed against the taxable person?
Question 16 : Who can conduct audit of taxpayers?
Question 17 : Whether any prior intimation is required before conducting the audit?
Question 18 : What is the period within which the audit is to be completed?
Question 19 : What is meant by commencement of audit?
Question 20 : What are the obligations of the taxable person when he receives the notice of audit?
Question 21 : What would be the action by the proper officer upon conclusion of the audit?
Question 22 : Under what circumstances can a special audit be instituted?
Question 23 : Who can serve the notice for special audit?
Question 24 : Who will do the special audit?
Question 25 : What is the time limit to submit the audit report?
Question 26 : Who will bear the cost of special audit?
Question 27 : What action the tax authorities may take after the special audit?
 

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