https://www.taxtmi.com/article/detailed?id=1152 Assessment under the Punjab VAT Act 2005 operates under section 29 either on the basis of returns (scrutiny under Rule 43 leading to intimation or notice) or on the basis of information/best judgment where returns are absent, incorrect, or tax is unpaid; the Commissioner may direct assessments, limitation is generally three years (extendable to six), notice with at least ten days for production of books and a fair opportunity to be heard are mandatory, orders must be speaking and certified copies supplied, and amendments, rectifications and provisional assessments under section 30 follow prescribed notice and hearing protocols. en-us Thu, 24 Feb 2011 22:50:11 +0530 Thu, 24 Feb 2011 22:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1152 Assessment under the Punjab VAT Act 2005 operates under section 29 either on the basis of returns (scrutiny under Rule 43 leading to intimation or notice) or on the basis of information/best judgment where returns are absent, incorrect, or tax is unpaid; the Commissioner may direct assessments, limitation is generally three years (extendable to six), notice with at least ten days for production of books and a fair opportunity to be heard are mandatory, orders must be speaking and certified copies supplied, and amendments, rectifications and provisional assessments under section 30 follow prescribed notice and hearing protocols. Articles Value Added Tax - VAT and CST Thu, 24 Feb 2011 22:50:11 +0530 https://www.taxtmi.com/article/detailed?id=1152