https://www.taxtmi.com/article/detailed?id=10081 Provisional assessment allows a taxable person unable to determine value or rate to apply on the common portal for permission to pay tax provisionally, specifying reasons, proposed provisional value or rate, and undertaking cooperation; the proper officer issues a provisional order and, where permitted, requires execution of a bond (with possible security by bank guarantee) binding the taxable person to pay any difference on final assessment. Final assessment must be completed within six months subject to prescribed extensions, and differences between provisional and final tax are payable or refundable with interest as provided by law. en-us Fri, 19 Nov 2021 09:23:14 +0530 Fri, 19 Nov 2021 09:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10081 Provisional assessment allows a taxable person unable to determine value or rate to apply on the common portal for permission to pay tax provisionally, specifying reasons, proposed provisional value or rate, and undertaking cooperation; the proper officer issues a provisional order and, where permitted, requires execution of a bond (with possible security by bank guarantee) binding the taxable person to pay any difference on final assessment. Final assessment must be completed within six months subject to prescribed extensions, and differences between provisional and final tax are payable or refundable with interest as provided by law. Articles Goods and Services Tax - GST Fri, 19 Nov 2021 09:23:14 +0530 https://www.taxtmi.com/article/detailed?id=10081