Goods and Service Tax (GST) is structured for efficient tax collection, corruption reduction, easy interstate commodity movements and so on. Structured for.
The GST Law provides self-assessment for easy adaptation and payment of taxes. In case of non-repayable, short-paid and / or non-refundable, notice, request and renewal provisions are also disclosed.
1. Audit by Registered Dealer
Any registered trader who exceeds the Rs 2 crore in a fiscal year should check their accounts by a CA or CMA.
1. B. Audit by GST Tax Authorities
General Audit: It is possible to conduct audits of any registered dealership by the Commissioner or his orders.
Special Audit: The department may conduct special audits considering the complexity of the work and the percentage of revenue. CA or CMA will be appointed for auditing.
The GST estimate is the tax debt identification of GST. Assessment under GST is divided into 5 types:
Within the GST, each registered taxpayer assesses the taxes payable by them and returns them to each tax period. This is called self-esteem.
2.B. Temporary evaluation
If a registered dealer can not determine the value or tax rate of a merchant, he may apply for a temporary valuation. The relevant civil servant may allow the appraiser to temporarily pay to the Evaluator the extent or value of the taxpayer.
2.C. Evaluation Assessment
GST officers can review their return to check its accuracy. The official will ask for an explanation of any inconsistency.
2.D. Summary Assessment
Summary Assessment is carried out when there is sufficient ground to believe that the valuation officer may be liable for the impairment of the interest income on presentation of the tax liability. In order to maintain the interest rate, it may pass through a summary assessment of the pre-authorization of the attachment / joint commissioner.
2.E. Best Court Assessment
- Evaluation of Returns of Non-Returns
If a registered taxpayer is not refunded after receiving a warning, he will evaluate the relevant tax lawsuits by using the existing substance, the best of the decision.
- Evaluation of unregistered persons
This assessment shall be carried out in cases where the taxpayer is not registered.
The expert will best evaluate the tax liability of these individuals. The taxpayer will be able to notify and hear the cause of a show.
3. Request and Restore
Demand and reparation provisions may apply when a registered merchant fails to pay an incorrect tax or fails to pay the outstanding tax. Applicable by the seller when an incorrect refund or ERC is required.
In the event of a fraud case, the relevant officer will be required to report the reasons for the payment of taxes and penalties.
Requirements may arise in the following cases:
1. Unpaid or short-paid tax or wrong return
2. Taxes shall be collected but transferred to the Central or State Government
3. CGST / SGST will be paid if IGST is paid and vice versa.
If the request is not paid, the IT department starts the process
4. Advance Ruling
The GST’s main purpose is to clarify the authority of the GST on certain tax issues before starting the proposed activity. It helps reduce costly court proceedings.
Advance tax is a written decision issued by the tax authority to the applicant for the supply of goods / services.