Provisional assessment: electronic application and bond/security framework governs provisional tax payment and final assessment process. Provision for provisional assessment requires a registered person to apply electronically in FORM GST ASMT-01 with supporting documents. The proper officer may seek additional information (FORM GST ASMT-02) and the officer issues a provisional order (FORM GST ASMT-04) specifying provisional value/rate and bond and security (not exceeding 25% of the bonded amount). The applicant executes bond (FORM GST ASMT-05) and furnishes security; prior bonds under related GST laws are deemed valid. Finalization involves notice (FORM GST ASMT-06), final order (FORM GST ASMT-07), application for release of security (FORM GST ASMT-08) and release order (FORM GST ASMT-09) within seven working days after payment is ensured.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provisional assessment: electronic application and bond/security framework governs provisional tax payment and final assessment process.
Provision for provisional assessment requires a registered person to apply electronically in FORM GST ASMT-01 with supporting documents. The proper officer may seek additional information (FORM GST ASMT-02) and the officer issues a provisional order (FORM GST ASMT-04) specifying provisional value/rate and bond and security (not exceeding 25% of the bonded amount). The applicant executes bond (FORM GST ASMT-05) and furnishes security; prior bonds under related GST laws are deemed valid. Finalization involves notice (FORM GST ASMT-06), final order (FORM GST ASMT-07), application for release of security (FORM GST ASMT-08) and release order (FORM GST ASMT-09) within seven working days after payment is ensured.
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