Self-assessment obligation requires registered taxpayers to self-assess and file returns; returned goods tax equals earlier input tax credit.

Every registered taxable person must self-assess taxes payable and furnish a return for each tax period as specified under section 27; if goods received under an inward supply are returned by the recipient to the supplier within a short period from the invoice date, the tax on the return supply equals the input tax credit earlier availed for that inward supply.

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