https://www.taxtmi.com/article/detailed?id=11097 Centralized processing mandates that assessees and e commerce operators furnish an Equalization Levy Statement, allows revision within two years, and empowers a Centralized Processing Centre to compute levy, interest and net payable or refundable sums after adjusting prior payments. The Commissioner may declare statements invalid for unapproved software or incomplete information; revised statements supersede originals. Processing includes arithmetic correction, interest calculation, grants of refunds subject to set off, rectification of processing errors with recovery of excess refunds, electronic service of communications, and delegation of procedural details to the Director General. en-us Fri, 10 Feb 2023 10:03:28 +0530 Fri, 10 Feb 2023 10:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11097 Centralized processing mandates that assessees and e commerce operators furnish an Equalization Levy Statement, allows revision within two years, and empowers a Centralized Processing Centre to compute levy, interest and net payable or refundable sums after adjusting prior payments. The Commissioner may declare statements invalid for unapproved software or incomplete information; revised statements supersede originals. Processing includes arithmetic correction, interest calculation, grants of refunds subject to set off, rectification of processing errors with recovery of excess refunds, electronic service of communications, and delegation of procedural details to the Director General. Articles Income Tax Fri, 10 Feb 2023 10:03:28 +0530 https://www.taxtmi.com/article/detailed?id=11097