If goods are not accounted for, tax is determined by applying which provisions?
ASections 16 or 17
BSections 129 or 130
CSections 49 or 50
DSections 73 or 74
Answer & Solution
Correct answer: D. Sections 73 or 74
Sub-section (6) says the demand procedure of section 73 or 74 applies, with necessary changes, to such unaccounted goods or services.
Keep practising Accounts and Records in GST
Browse all Accounts and Records in GST questions for CA Inter, or explore more Taxation topics.
Related questions
Electronic data stored on devices must be authenticated by what?Works contract accounts must show description, value and quantity of what?Free samples and gifts of goods are reflected in which account?Section 36 of the CGST Act covers which subject?Which sub-section of Section 35 allows an alternative way of keeping accounts?Which sub-section of Section 35 lets the Commissioner notify additional accounts?Records by warehouse owners fall under which sub-section of Section 35?A taxpayer fails to account for goods under Section 35(1). Who determines the tax?