Understanding GST Self-Assessment and Compliance Under the CGST Act, 2017 and CGST Rules, 2017

The GST law operates on a voluntary compliance-based system, emphasizing self-assessment by taxpayers. The responsibility for tax assessment lies with the supplier, who is familiar with the supply details and taxable value. The CGST Act, 2017 and CGST Rules, 2017 outline various assessment provisions, including self-assessment, provisional assessment, scrutiny of returns, and assessments for non-filers and unregistered persons. Tax authorities may conduct audits and have powers of inspection. Assessment ensures compliance with GST laws, with tax officers intervening only when legislatively required, ensuring adherence to natural justice principles.