Introduction Provisional Assessment in GST- A Goods and Service Tax supplier will come to know the extent of his GST liability which has to be discharged on a continuous and regular basis only after GST assessment. Assessment means determination of tax (GST) liability and includes other assessment like- GST self-assessment, GST re-assessment, GST provisional assessment, […]
Best judgment assessment under section 144 of Income Tax Act 1961 What is assessment under section 144? Assessment under section 144 of Income tax act (called best judgment assessment) is an assessment carried out as per the best judgment of the Assessing Officer. Best judgment assessment is resorted due to certain failures (specified under […]
Assessment Under GST Law Assessment Under GST Law :- According to Section 2(11) of the CGST Act 2017: – defined the assessment in GST Law as the determination of tax liability under this act and includes self-assessment, reassessment provisional assessment , summary assessment and best judgement assessment. On a broader sense, ‘’assessment is all about […]
