9911796707
TMI BlogAssessmentX X X X Extracts X X X X X X X X Extracts X X X X ..... self assess the tax due on the services provided by him and…………………….." From the above, it is clear that every assessee is duty bound to assess the tax himself in respect of services provided by him in a particular period and pay the tax on the basis of self-assessment. ================== B. Access to registered premises As per Rule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er section 44AB of the Income-tax Act, 1961, for the scrutiny of the officer or the audit party, or the cost accountant or chartered accountant, within the time limit specified by the said officer or the audit party or the cost accountant or chartered accountant, as the case may be. - C. Verification of return filed under section 70 Currently there is no provision in the Act which prescribes t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are not expected to be applied on routine basis, but this is very important tool in the hands of central excise authorities. Further, section 73 of the act provide the provisions for recovery of service tax not levied or paid or short-levied or short-paid or erroneously refunded. A multi billion question arises that how this section can be used practically for such recovery. Only the option is be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds certain provisions of Customs Act with respect of levy and exemption etc. are extended to service tax . And, consequently the central excise authorities, though in a very rare circumstances, may invoke those provisions to ascertain the service tax liability of the person providing services and filed the return under self-assessment scheme under section 70 of the Act. ================== D. Bes ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
