Ch 4 · GST — Assessment, Audit & Demands

📘 Core concepts

1. 1Self-assessment (Sec 59) is the norm; provisional, scrutiny, best judgment for non-filers (Sec 60-64).
2. 2Audit by tax authority (Sec 65) or special audit by CA/CMA (Sec 66).
3. 3Demand: Sec 73 (non-fraud) — 3 yrs from due date of annual return; Sec 74 (fraud) — 5 yrs.
4. 4Anti-profiteering (Sec 171) — benefit of tax reduction/ITC must be passed to consumer.
5. 5Advance Ruling Authority (AAR) & Appellate AAR — binding on applicant + jurisdictional officer.