TaxTMI 
TaxTMI 
VAT Assessment by SIT
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....AT Assessment by SIT<br> Query (Issue) Started By: - ganeshan kalyani Dated:- 19-8-2014 Last Reply Date:- 19-8-2014 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Sir, I would like to share a s....
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....ituation where generally an assessment is done by a Sales tax officer/ Assistant Commissioner of Sales Tax / Deputy Commissioner of Sales Tax as the case may be. However in a situation where an assess....
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....ment is carried by a Special Investigation Team (SIT) and a favorable Order is passed. How far is a change that the case can be re-opened in future. Or if the Order is not favorable can the same be Ap....
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....peal against. regards, ganeshan Reply By ganeshan kalyani: The Reply: Dear Sir, I understand the Special Investigation Team (SIT) has the some addition power as compared to the Assessing authorit....
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....y conducting regular assessment on year on year basis. The SIT conducts the search and audit when they doubt about any tax leakage or evasion. I understand that they also will be issuing Assessment Or....
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....der and the Order also can be appeal against if it unfavorable. I further touch upon Comptroller Audit General (CAG) may also re-open the case if in future they found any reason to believe tax evasion....
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.... or so. Experts kindly validate my understanding. regards, ganeshan<br> Discussion Forum - Knowledge Sharing ....