Assessment and Adjudication under GST Reply to the Recent Notices By CA Deep

Assessment and Adjudication under GST
Reply to the Recent Notices

Assessment V/s Audit

• Section 2(11) – “Assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment;
• Section 2(13) – “Audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of this Act or the rules made thereunder;