Please update me the time limit for re-opening of Assessment,Re-assessment, VAT audit order passed by the VAT authority, in the state of Gujarat and Chattisgarh.
Regards
B.Jain
3 Replies
PSPSPS
(Practicing)
(1344 Points)
Replied 08 February 2013
for our state AP it reopen into4 year, gujuarat & chatisgad also should be same i opinion
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 08 February 2013
Mr Bhupendra,
Normally, a return fied by a dealer, complete in all respects is accepted as final and taken as assessed. The commissioner may select cases of incomplete,defective ,doubtful returns and procee to reassess within a period of four years from last day of the financial year.If dtrader,liable to be registered is not registered his case be investigated and process of assessment can be done upto a period of last eight years.
In Chattisgarh, reassessment limit is for one year only Within one calendar year any doubtful cases are to be reassessed. A defective order can be reopened within period three years for rectification or loss of revenue........MJK
Ritesh Mehta
(Student)
(23 Points)
Replied 20 November 2015
What is the provision for reopen of assessment in MVAT?
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