Assessment:
What is assessment?
Generally, assessment means determination of tax or refund due, by Tax department, based on annual return, after affording an opportunity of being heard to the dealer.
The assessment has to be made on the basis of examination of the relevant books, records...
The Payment of Tax.
Payments that are required to be made by any person or dealer
1. Tax (Sales tax or Purchase tax)
2. Interest payable under the act
3. Penalty or fine
4. Amount collected in violation of the and forfeited
5. Fees
These payments should be made in government...
REGISTRATION
Registration is the process of obtaining certificate of registration (“RC”) from the authorities under the Act. A dealer registered under the act is called “Registered Dealer” (“RD”)
Any dealer, who intends to carry on the business of purchase and sale of goods in his state and...