New Circular Details Procedure for Framing Default Assessment Orders under VAT and Sales Tax Regulations.

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....A new circular outlines the procedure for issuing default assessment orders under VAT and Sales Tax regulations. It provides guidelines for tax authorities to follow when determining tax liabilities in cases of non-compliance or default by taxpayers. The circular aims to standardize the assessment process, ensuring consistency and fairness in the handling of default cases. This procedural framework is designed to enhance transparency and efficiency in tax administration, offering clear instructions to tax officials on the steps to be taken during the assessment of defaults.....