Section 59 of CGST Act 2017: Self Assessment of Taxes Payable

Section 59 of CGST Act 2017: Self Assessment of Taxes Payable

Provisions under Section 59 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Self Assessment of Taxes Payable”, are as under:

Section 59 of CGST Act 2017: Self Assessment (CHAPTER XII – ASSESSMENT)

Every registered person shall self-assess the taxes payable under this Act and furnish a return for each tax period as specified under section 39.

—–

The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

Related Posts:

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

Leave a Reply