VAT Assessment by SIT

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..... VAT Assessment by SIT
Query (Issue) Started By: - ganeshan kalyani Dated:- 19-8-2014 Last Reply Date:- 19-8-2014 VAT + CST
Got 1 Reply
VAT / Sales Tax
Dear Sir, I would like to share a .....

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..... situation where generally an assessment is done by a Sales tax officer/ Assistant Commissioner of Sales Tax / Deputy Commissioner of Sales Tax as the case may be. However in a situation where an asses .....

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..... sment is carried by a Special Investigation Team (SIT) and a favorable Order is passed. How far is a change that the case can be re-opened in future. Or if the Order is not favorable can the same be A .....

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..... ppeal against. regards, ganeshan Reply By ganeshan kalyani: The Reply: Dear Sir, I understand the Special Investigation Team (SIT) has the some addition power as compared to the Assessing authori .....

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..... ty conducting regular assessment on year on year basis. The SIT conducts the search and audit when they doubt about any tax leakage or evasion. I understand that they also will be issuing Assessment O .....

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..... rder and the Order also can be appeal against if it unfavorable. I further touch upon Comptroller Audit General (CAG) may also re-open the case if in future they found any reason to believe tax evasio .....

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..... n or so. Experts kindly validate my understanding. regards, ganeshan
Discussion Forum - Knowledge Sharing .....

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