Self-assessment requirement: registered persons must compute GST liability and furnish periodic returns as prescribed by law. Every registered person must self-assess taxes payable for each tax period and furnish the prescribed return for that period, thereby placing the primary ... Summary
Self-assessment requirement: registered persons must compute GST liability and furnish periodic returns as prescribed by law.
Every registered person must self-assess taxes payable for each tax period and furnish the prescribed return for that period, thereby placing the primary responsibility on the registered person to compute tax liability and submit periodic GST returns as specified under the Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.