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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Provisional Tax Assessment Process Under Maharashtra GST Act, 2017: Section 60 Details Timelines, Bonds, and Interest Rules</h1> Under the Maharashtra Goods and Services Tax Act, 2017, Section 60 outlines the process for provisional tax assessment. If a taxable person cannot determine the value or tax rate for goods or services, they may request provisional tax assessment from the proper officer, who must respond within 90 days. The taxpayer must provide a bond covering potential tax discrepancies. A final assessment must be completed within six months, extendable by up to four years. Interest is payable on unpaid provisional tax, and refunds from final assessments accrue interest as specified by the Act.