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CS Executive · Tax Laws and Practice · Concept of Indirect Taxes at a Glance

Ravi Traders Pvt Ltd, a registered person, computes its GST liability for a month and files its return on its own computation. Which feature of Section 59 does this illustrate?

This illustrates self-assessment: the registered person computes the tax payable himself and reports it in the return, without waiting for an officer's order or approval. Section 59 places the primary responsibility for determining GST on the taxpayer.

  1. AThe taxpayer determines the tax payable himself without waiting for an officer's orderCorrect
  2. BThe proper officer fixes the tax and the taxpayer only pays it
  3. CThe assessment is provisional until the Commissioner approves it
  4. DThe tax is determined by the Appellate Authority on filing the return

Explanation

Under Section 59 the registered person self-assesses the taxes payable and furnishes the return. No prior officer order, approval or appellate determination is needed. The distractors wrongly shift the first assessment to authorities.

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