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period limit for damand notice from sales tax TNVAT

VAT and Sales Tax - Started By: - venkat eswaran - Dated:- 16-7-2015 Last Replied Date:- 19-7-2015 - Dear all, We are registered dealer in tamilnadu under TNVAT. we have completed CST assessment up to 2012-13 and VAT I assessment also up to 2011. We received demand notice now for Assessment year 2006-07. Assessement over and order received in 2011 itself. AG audit also over up to 2011. What is the time limit to reopen the assessment under TNVAT. up to how many years we need to keep record under .....

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re, for any reason, the whole or any part of the turnover of business of a dealer has escaped assessment to tax, the assessing authority may, subject to the provisions of sub-section (3),at any time within a period of six years from the date of assessment, determine to the best of its judgment the turnover which has escaped assessment and assess the tax payable on such turnover after making such enquiry as it may consider necessary.(b) Where, for any reason, the whole or any part of the turnover .....

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or refund, the assessing authority shall, at any time, within a period of six years from the date of assessment, reverse input tax credit availed and determine the tax due after making such a enquiry, as it may consider necessary:Provided that no order shall be passed under sub-sections (1) and (2) without giving the dealer a reasonable opportunity to show cause against such order.You say that the assessment for the year 2006-07 has been completed and now you have received the .demand notice. Fo .....

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