IMPORTANCE OF ASSESSMENT UNDER GST - Handbook of GST Law & Procedures (CBIC) [October 2024] - GST

2. IMPORTANCE OF ASSESSMENT UNDER GST Assessment under GST is important for various reasons. It ensures that taxpayers are complying with the GST laws and regulations, which enables the taxpayer to run his business smoothly. Assessment also helps in detecting any errors or discrepancies in the returns filed by the taxpayers, thus, preventing tax evasion. Besides, assessment helps educate taxpayers on the correct procedures for calculating and paying their taxes and thus, improves GST compliance.