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ABOUT THIS COURSE

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COURSE DESCRIPTION

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WHAT AM I GOING TO GET FROM THIS COURSE

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PREREQUISITES

TARGET AUDIENCE

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Course Curriculum

Section 1: ASSESSMENT
ASSESSMENT details

59. Self-assessment

Every registered person shall self assess the
taxes payable under this Act and furnish a return for each tax period as
specified under section 39.

 

60. Provisional assessment

(1) Subject to the provisions of sub-section
(2), where the taxable person is unable to determine the value of goods or
services or both or determine the rate of tax applicable thereto, he may
request the proper officer in writing giving reasons for payment of tax on a
provisional basis and the proper officer shall pass an order, within a period
not later than ninety days from the date of receipt of such request, allowing
payment of tax on provisional basis at such rate or on such value as may be
specified by him.

(2) The payment of tax on provisional basis
may be allowed, if the taxable person executes a bond in such form as may be
prescribed, and with such surety or security as the proper officer may deem
fit, binding the taxable person for payment of the difference between the
amount of tax as may be finally assessed and the amount of tax provisionally
assessed.

(3) The proper officer shall, within a period
not exceeding six months from the date of the communication of the order issued
under sub-section (1), pass the final assessment order after taking into
account such information as may be required for finalizing the assessment:

Provided that the period specified in this
sub-section may, on sufficient cause being shown and for reasons to be recorded
in writing, be extended by the Joint Commissioner or Additional Commissioner
for a further period not exceeding six months and by the Commissioner for such
further period not exceeding four years.

(4) The registered person shall be liable to
pay interest on any tax payable on the supply of goods or services or both
under provisional assessment but not paid on the due date specified under
sub-section (7) of section 39 or the rules made thereunder, at the rate
specified under sub-section (1) of section 50, from the first day after the due
date of payment of tax in respect of the said supply of goods or services or
both till the date of actual payment, whether such amount is paid before or
after the issuance of order for final assessment.

(5) Where the registered person is entitled
to a refund consequent to the order of final assessment under sub-section (3),
subject to the provisions of s

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Section 2: AUDIT
AUDIT details Open Locked
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Section 3: ADVANCE RULING
ADVANCE RULING details Open Locked
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Section 4: APPEAL & REVISION
APPEAL & REVISION details Open Locked
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Section 5: ZERO RELATED SUPPLY
ZERO RELATED SUPPLY details Open Locked
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Section 6: test video
test video details Open Locked
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