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of <h1>Provisional Assessment Under GST: Process for Suppliers to Determine Tax Liability When Values or Rates Are Uncertain</h1> Provisional assessment under GST allows suppliers to determine tax liability when exact values or rates are uncertain. The Assistant or Deputy Commissioner of Central Tax provisionally assesses tax payable, requiring suppliers to execute a bond with security for any differences upon final assessment. Suppliers must apply electronically and may need to provide additional information. Provisional assessment is finalized within six months, extendable by authorities. Any tax difference upon finalization incurs interest. If tax is refundable, interest is also paid. Security is released after final assessment and payment of any outstanding amounts. This process ensures tax compliance despite initial uncertainties.
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