Assessment procedure

[Ganeshan Kalyani]

Dear Expert,

In the VAT regime assessment is deemed to happens if no notice is received from department within such prescribed time limit. If there is any reason to believe the assessment has not paid tax correctly or has short paid or has suppressed the turnover to evade tax, the department initiates assessment. Generally a notice is issued to the assessee to give an opportunity of being heard. Various details are demanded by the authority. Some requirements are in writing while some time verbal details are asked. We seek a clarification as to how the process of assessment is as per law. Whether is information sought by the authority should be in writing or it can be verbal. Experts request you to through some light with provision of law.

regards,

ganeshan

AI Summary

Clarification on VAT Assessment: Written Requests Preferred Over Verbal for Information by Tax Authorities. In a discussion forum, an individual inquires about the VAT assessment procedure, specifically whether information requests from tax authorities should be in writing or can be verbal. The response clarifies that while tax is generally self-assessed, authorities can request information or documents in writing. If requests are made verbally, it is advisable to ask for them in writing. Even if verbal requests are insisted upon, it is recommended to submit the information in writing, referencing the verbal request and its date.