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

Which return period concept is used in Section 59 of the CGST Act, 2017 for self-assessment?

Section 59 requires a return for each tax period as specified under section 39. Self-assessment is therefore tied to periodic returns, not a single annual return, not individual supplies, and not a filing triggered only by an officer's notice.

  1. AA return for each tax period as specified under section 39Correct
  2. BA single return for the whole financial year only
  3. CA return for each supply made to a registered recipient
  4. DA return only when the officer issues a notice

Explanation

The section states that the registered person shall furnish a return for each tax period as specified under section 39. It is not a once-a-year, per-supply or notice-driven obligation.

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