Self-assessment: registered persons must compute tax liability and file periodic GST returns as required by law. Every registered person is required to self-assess the tax liability under the Act and to furnish a return for each prescribed tax period, making the ... Summary
Self-assessment: registered persons must compute tax liability and file periodic GST returns as required by law.
Every registered person is required to self-assess the tax liability under the Act and to furnish a return for each prescribed tax period, making the taxpayer responsible for computation and disclosure of amounts due through the statutory return-filing mechanism.
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