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Received Notice or Order from GST Department ? Try to find out what it is….

By
Team Bilimoria
July 23, 2021

INTRODUCTION

Assessment means determination of tax liability. There are several types of assessments in the GST regime i.e., self-assessment, provisional assessment, summary assessment and best judgment assessment. Under GST, an assessee is first required to self- assess his taxliability and furnish returns for declaring the taxable turnover, tax payable or refundable, input tax credit availed etc. (i.e., self-assessment). At this stage, there is no intervention by the tax officials.Since the tax regime relies on self-assessment, there is a need to put in place a robust 'audit' mechanism in order to measure and ensure proper compliances of the provisions of law by the taxable person.

SECTION 59 TO 64: DIFFERENT TYPES OF ASSESSMENT UNDER

GST NOTICE | ORDER | SECTION 59 | MASD & CO

SECTION 65 TO 66: AUDITS UNDER GST

GST AUDIT | MASD & CO

SECTION 73 & SECTION 74: DETERMINATION OF TAX NOT PAID/ SHORT PAID / ERRONEOUSLY REFUNDED/ ITC WRONGLY AVAILED/ UTILISED

SECTION 73 & 74 | MASD & CO

*Interest shall be applicable as per section 50 at rate of 18%/24% respectively.

TIMELIMIT FOR ISSUANCE OF NOTICE AND ORDER

TIMELIMIT FOR ISSUANCE OF NOTICE | MASD & CO

CONCLUSION:

Assessments have been initiated by the GST department for the previous years. It is thus required for the assessee to understand the nature of assessment and be prepared for responses. As a proactive measure, an Assessee shall maintain proper documentation of all required records, sales reco, ITC reco and be prepared for scrutiny from department.Authors:CA Shreyans Dedhia | Partner | shreyans.dedhia@masd.co.inMeet Faria |Associate Consultant | meet.faria@masd.co.in

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June 24, 2025

Team Bilimoria

TAXATION OF INFLUENCERS AND CONTENT CREATORS: THE NEW FRONTIER

In recent years, the rise of social media has given birth to a new and powerful profession: AN INFLUENCER What began as individuals sharing their personal lives, opinions, and talents online has now evolved into a full-fledged marketing industry. Influencers are people with a dedicated following on social media platforms like Instagram and YouTube who partner with brands to promote products and services in a relatable & authentic way. This form of marketing, known as influencer marketing, has gained immense attraction due to its ability to reach niche audiences and drive engagement.

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June 23, 2025

Team Bilimoria

Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) is outlined in Section 135 of Companies Act, 2013 and has been made mandatory for the companies following the specified criteria from April 1, 2014. CSR Activities were introduced with an intention to allow companies to contribute to the social, environmental, and economic development of the country.

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BILiMORIA MEHTA & CO. is a leading Chartered Accountancy firm with a rich legacy of serving clients in India and internationally.

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