Self-assessment requirement requires registered persons to assess taxes and file periodic returns as prescribed by law. Every registered person is obliged to self-assess the taxes payable under the Act and to furnish a return for each tax period as prescribed, placing primary responsibility on the registrant to determine tax liability and submit the periodic return specified under the Act's return regime.
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Provisions expressly mentioned in the judgment/order text.
Self-assessment requirement requires registered persons to assess taxes and file periodic returns as prescribed by law.
Every registered person is obliged to self-assess the taxes payable under the Act and to furnish a return for each tax period as prescribed, placing primary responsibility on the registrant to determine tax liability and submit the periodic return specified under the Act's return regime.
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