Is assessment under sales tax compulsory. As there is only 3-5% assessee who falls under income tax assessment, but i have heard that in sales tax there is 100% assessment.
Thanks
Piyush
Piyush Jain (CA) (283 Points)
02 March 2009Is assessment under sales tax compulsory. As there is only 3-5% assessee who falls under income tax assessment, but i have heard that in sales tax there is 100% assessment.
Thanks
Piyush
Sachin
(Chartered Accountant)
(419 Points)
Replied 02 March 2009
Dear Piyush,
There are near about 100% Assessment done by Sales Tax Department. please write me for any query. my email id is sachinagarwalcallb @ gmail.com
KoolCapricorn
(Student)
(600 Points)
Replied 02 March 2009
thanks sachin. you are helping people. this is the motto of this website.
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 02 March 2009
Originally posted by :Piyush Jain | ||
" | Is assessment under sales tax compulsory. As there is only 3-5% assessee who falls under income tax assessment, but i have heard that in sales tax there is 100% assessment. Thanks Piyush |
" |
not 100% it is depend on circular which provided by department
Piyush Jain
(CA)
(283 Points)
Replied 02 March 2009
Guys, do you beleive 100% assessment is possible. I am new to sales tax and have a feeling that the deppartment is way to old in its approach.
I mean for each inter state transaction(quarterly), the buyer has to collect C form from the deppartment and the seller has to deposit the same to his concerned ward. Cant we do with online system.
Discussion will be appreciated.
Regards
Piyush