What do you mean by GST Assessment?
Under GST, the term “assessment” means determination of tax liability under the GST Act. Normally, persons having GST registration file GST returns and pay GST every month based on self-assessment of GST liability. This means GST continues to promote self-assessment just like the Excise, VAT and Service Tax under current tax regime.
However, the Government at all times has the rights to re-assess or perform an assessment by itself and determine if there is a short payment of GST.
For more information on this visit https://www.taxaj.com/
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