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<h1>Assessment of unaccounted goods orders tax due, interest calculation and payment direction, failing which recovery proceedings follow.</h1> An assessing officer assesses tax on unaccounted goods found in stock or vehicles when the taxpayer cannot produce records, quantifies tax, interest, penalty and other dues (detailed in an annexure and tabular format), calculates interest up to the order date, and directs payment by a specified date with a warning of recovery proceedings and additional interest for the period between order and payment. The order follows the Form GST ASMT template and notes optional fields and place of supply requirements.
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