VAT and Sales Tax re-assessment notice period extended from 5 to 6 years; valid for expired cases too.

VAT and Sales Tax re-assessment notice period extended from 5 to 6 years; valid for expired cases too. https://www.taxtmi.com/highlights?id=66832 Re-assessment - Time limitation for notices issued - period of limitation enhanced from 5 years to 6 years - Prospective or retrospective amendment - 5 year period already expired - When the provision is amended enhancing the period of limitation from 5 years to 6 years, the issuance of notice is well within the jurisdiction, and no exception could be taken. - Notice sustained - HC en-us Wed, 30 Nov 2022 07:28:10 +0530 Wed, 30 Nov 2022 07:28:10 +0530 TaxTMI RSS Generator VAT and Sales Tax re-assessment notice period extended from 5 to 6 years; valid for expired cases too. https://www.taxtmi.com/highlights?id=66832 Re-assessment - Time limitation for notices issued - period of limitation enhanced from 5 years to 6 years - Prospective or retrospective amendment - 5 year period already expired - When the provision is amended enhancing the period of limitation from 5 years to 6 years, the issuance of notice is well within the jurisdiction, and no exception could be taken. - Notice sustained - HC Highlights VAT and Sales Tax Wed, 30 Nov 2022 07:28:10 +0530 https://www.taxtmi.com/highlights?id=66832