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of <h1>Section 60: Provisional Tax Assessment for Uncertain Taxable Values or Rates, Requires Bond and Approval Within 90 Days.</h1> Section 60 of the Kerala Goods and Services Tax Ordinance, 2017, addresses provisional assessment for taxable persons unable to determine the value or tax rate of goods or services. Taxable persons can request provisional tax payments, which a proper officer must approve within 90 days. Provisional tax requires a bond for any tax differences upon final assessment. Final assessments must occur within six months, extendable by the Joint Commissioner or Commissioner. Interest applies to unpaid provisional taxes past the due date. If a refund is due after final assessment, interest is paid as per section 56.
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