Section 37C: Additional assessment
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
37C. Additional assessment
(1) Where in respect of any period, the Director-General has made an assessment under section 37 and it is subsequently found that tax has been
under claimed or the excess to be carried forward has been overstated, he
may make an additional assessment of—
(a) the amount of tax which in his opinion ought to have been
claimed; or
(b) the excess to be carried forward.
(2) Except where otherwise provided, an additional assessment shall be
deemed to be an assessment for the purposes of this Act.
[S. 37C inserted by s. 69 (j) of Act 11 of 2018 w.e.f. 9 August 2018.]
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Questions this section answers
- Can the tax authority raise a further VAT assessment if it later finds I underpaid?