Purpose of returns: declares tax liabilities and enables compliance verification and input tax credit matching. Returns serve as the mechanism for transfer of information to tax administration, for compliance verification, for finalization of a taxpayer's tax liability within limitation periods and for matching input tax credit; they also provide data for policy decisions and for management of audit and anti-evasion programs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Purpose of returns: declares tax liabilities and enables compliance verification and input tax credit matching.
Returns serve as the mechanism for transfer of information to tax administration, for compliance verification, for finalization of a taxpayer's tax liability within limitation periods and for matching input tax credit; they also provide data for policy decisions and for management of audit and anti-evasion programs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.