Provisional Assessment

[Harsh Jindal]

What is the process for Provisional Assessment in Service Tax?

[YAGAY and SUN]

This is subject to sub rule 4,5 and 6 of the service tax rule 1994 and provisions of Central Excise Rules, 2002 as amended time to time.

Steps:-

1. Seeking permission for provisional assessment from the juridictional AC/DC.
2. Filing of Memorandum in Form ST- 3A
3. Completion of Assessment under Provisional Assessments
4. Service Tax Payable or Refund due on Final Assessment.

AI Summary

Provisional assessment procedure requires jurisdictional permission, filing the prescribed memorandum and final assessment determining tax or refund.
Provisional Assessment permits temporary assessment of service tax liability subject to statutory procedural rules: obtain jurisdictional permission, file the prescribed memorandum in the specified form, undergo completion of assessment under provisional provisions, and await the final assessment which determines tax liability or entitlement to refund.