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. of India 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. Further, CBIC has separately notified the commencement date of provisions of various Sections of the CGST (Amendment) Act 2018 vide Notification No. 2/2019 Central Tax dt. 29 Jan. 2019, except for sections where the date of commencement is different from 1 Feb. 2019 and has specifically been mentioned in the CGST Amendment Act, 2018 itself.