PROVISIONAL ASSESSMENT

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..... determine the value of supply; and (b) when the taxpayer is unable to determine the rate of tax. Apart from the above two scenarios, provisional assessment cannot be applied by the taxpayer for any other purpose. (iii) The taxpayer has to make request in writing, along with the relevant documents and giving reasons for payment of tax on provisional basis. (iv) The proper officer shall pass an order, allowing payment of tax on a provisional basis at such rate or on such value, as may be specified by him, if the taxpayer executes a bond in the prescribed form with surety or security as determined by the proper officer, binding himself for payment of the differential tax amount on finalization of the assessment. (v) The final assessment .....

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..... er officer will scrutinize the application of the taxpayer made in FORM GST ASMT-01. In case additional information or documents in support is required to decide the case, then in terms of Rule 98(2) of the CGST Rules, 2017 the proper officer shall issue notice in FORM GST ASMT-02 to the taxpayer requesting for submission of the same. As provided under Rule 98(2) of the CGST Rules, 2017 the taxpayer may file a reply to the notice in FORM GST ASMT-03, and can also appear in person before the said proper officer, if he so desires, to explain his case. (iv) As per Rule 98(3) of the CGST Rules, 2017, the proper officer, on being satisfied with the reasons given by the taxpayer for seeking provisional assessment, will issue an order in FORM GST .....

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..... e Joint Commissioner or Additional Commissioner for a further period not exceeding six months and by the Commissioner for such further period not exceeding four years, if sufficient cause is shown and reasons are recorded in writing. (ii) As per Rule 98(5) of the CGST Rules, 2017, the proper officer, i.e. the jurisdictional Asst. Commissioner/Dy. Commissioner of Central Tax will issue a notice in FORM GST ASMT-06, calling for information and records required for finalization of assessment. He shall issue a final assessment order, specifying the amount payable by the taxpayer or the amount refundable, if any, in FORM GST ASMT-07. 6.4 Interest liability: (i) In case any tax amount becomes payable subsequent to finalization of the provisio .....

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