Furnishing of return for commodities transaction tax: prescribed form, verification and time limits, with notice and revision mechanisms.

Every assessee must, within the prescribed time limit after each financial year, deliver a return for taxable commodities transactions in a recognised association in the prescribed form and verified in the prescribed manner to the Assessing Officer or an authorised agency; failure to file permits issuance of a notice to furnish within a further prescribed period, and a return or revised return may be filed at any time before assessment is made.

---

---

---