Eye Share: Taxpayer’s Responsibility to Self-Assess

With the audit/assessment for the financial year 2017-18, the first year in the GST regime, yet to begin, self-assessment scheme as envisaged in section 59 of the CGST Act becomes significant. Ms. Suruchi Agarwal (Partner, Vimal & Seksaria, Chartered Accountants) discusses the purpose of self-assessment in light of various decisions of the High Court. Author goes on to examine how scrutiny of returns would take place in GST leading to issuance of asses...