The High Court opined that the maximum period for reopening assessments is 4 years, which may be stretched to 5 or 6 considering that S.17D provides no period of limitation.
The Kerala High Court recently delivered a judgment clarifying the scope of limitation exercisable by the Revenue in terms of the Kerala General Sales Tax (KGST) Act, 1963. The case arose when the Revenue Department, through the Fast Track Assessment Team, issued a tax notice dated November 20, 2019 to the respondent, K. Sasilal, proprietor…
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