Assessment | Goods and Services Tax (GST) - B Com PDF Download

 Page 1


  
 
GST Procedure 
Goods and Service Tax (GST) is structured for efficient tax collection, reduction in corruption, 
easy inter-state movement of goods and a lot more. 
 
What does Assessment mean under GST? 
The word “Assessment “is comprehensive and can comprehend the whole procedure by 
ascertaining and imposing liability on taxpayer. “Assessment” means determination of tax 
liability under  and includes self-assessment, re-assessment, provisiona CGST Act, 2017 l 
assessment, summary assessment and best judgment assessment. Sections 59 to 64 of Chapter 
XII under CGST Act, 2017 deals with “Assessment”. 
In short, Assessment is the process of determination of the tax liability of a taxpayer. There are 
different ways  determine tax liability under the GST law. GST Assessment is required to be to
done to establish the tax liability of an assessee. Taxation Laws lay down a process of 
assessment, i.e. a way to figure out exactly how much tax should be paid. 
Below are the various types of assessment under GST. Only self-assessment is done by the 
taxpayer himself. All the other assessments are by tax authorities. 
Types of Assessment under GST 
These ledgers are maintained on the electronically on GST Portal. 
 
Assessment 
 
  
 
                By Tax                                   By tax  
Page 2


  
 
GST Procedure 
Goods and Service Tax (GST) is structured for efficient tax collection, reduction in corruption, 
easy inter-state movement of goods and a lot more. 
 
What does Assessment mean under GST? 
The word “Assessment “is comprehensive and can comprehend the whole procedure by 
ascertaining and imposing liability on taxpayer. “Assessment” means determination of tax 
liability under  and includes self-assessment, re-assessment, provisiona CGST Act, 2017 l 
assessment, summary assessment and best judgment assessment. Sections 59 to 64 of Chapter 
XII under CGST Act, 2017 deals with “Assessment”. 
In short, Assessment is the process of determination of the tax liability of a taxpayer. There are 
different ways  determine tax liability under the GST law. GST Assessment is required to be to
done to establish the tax liability of an assessee. Taxation Laws lay down a process of 
assessment, i.e. a way to figure out exactly how much tax should be paid. 
Below are the various types of assessment under GST. Only self-assessment is done by the 
taxpayer himself. All the other assessments are by tax authorities. 
Types of Assessment under GST 
These ledgers are maintained on the electronically on GST Portal. 
 
Assessment 
 
  
 
                By Tax                                   By tax  
                Payer                                                                                                    Authorities 
       
 
                  Self                Provisional           Summary            Scrutiny                 Best 
            Assessment          Assessment        Assessment          of returns           Judgment 
                                                                                                                          Assessment 
 
 
                                                                                                    Non              Unregistered  
                                                                                                     Filer’s               persons 
 
Short notes to different kinds of GST assessment 
a) Self Assessment (sec. 59) 
Self GST assessment is available to every  taxable person to assess the tax payable registered
by him for any tax period. Thus, determination of tax liability is to be undertaken by the 
taxpayer himself and stated in the return to be filed by him. The return is required to primarily 
contain inward supplies in Form  and outward supplies in Form of GSTR-02 GSTR-01 
goods/services, Input Tax Credit, tax payable and tax paid. Hence, the furnishing of the return 
shall mean self-assessment of the taxpayer. 
 
b) Provisional Assessment (sec. 60) 
Provisional GST assessment can be invoked by a taxable person by making a 
request/application in Form GST ASMT-01 to the  in case he is assessing officer not able to 
determine  
• The value of the supplies (goods or services or both) 
• Tax rate applicable to such supplies 
The proper officer may on receipt of the said application in Form GST ASMT-01, issue a notice 
in Form GST ASMT-02 to furnish additional information if any. 
The applicant shall file a reply to the notice received by him in Form GST ASMT 03 and may –
appear in person before the said officer if he so desires. 
 
b.1  Procedure for Provisional Assessment –
The detailed request in writing to the proper officer shall indicate  –
• Specific grounds/reasons, and the documents or information, due to which he is unable 
to self assess his tax payable 
• Period for which provisional assessment is required 
Page 3


  
 
GST Procedure 
Goods and Service Tax (GST) is structured for efficient tax collection, reduction in corruption, 
easy inter-state movement of goods and a lot more. 
 
What does Assessment mean under GST? 
The word “Assessment “is comprehensive and can comprehend the whole procedure by 
ascertaining and imposing liability on taxpayer. “Assessment” means determination of tax 
liability under  and includes self-assessment, re-assessment, provisiona CGST Act, 2017 l 
assessment, summary assessment and best judgment assessment. Sections 59 to 64 of Chapter 
XII under CGST Act, 2017 deals with “Assessment”. 
In short, Assessment is the process of determination of the tax liability of a taxpayer. There are 
different ways  determine tax liability under the GST law. GST Assessment is required to be to
done to establish the tax liability of an assessee. Taxation Laws lay down a process of 
assessment, i.e. a way to figure out exactly how much tax should be paid. 
Below are the various types of assessment under GST. Only self-assessment is done by the 
taxpayer himself. All the other assessments are by tax authorities. 
Types of Assessment under GST 
These ledgers are maintained on the electronically on GST Portal. 
 
Assessment 
 
  
 
                By Tax                                   By tax  
                Payer                                                                                                    Authorities 
       
 
                  Self                Provisional           Summary            Scrutiny                 Best 
            Assessment          Assessment        Assessment          of returns           Judgment 
                                                                                                                          Assessment 
 
 
                                                                                                    Non              Unregistered  
                                                                                                     Filer’s               persons 
 
Short notes to different kinds of GST assessment 
a) Self Assessment (sec. 59) 
Self GST assessment is available to every  taxable person to assess the tax payable registered
by him for any tax period. Thus, determination of tax liability is to be undertaken by the 
taxpayer himself and stated in the return to be filed by him. The return is required to primarily 
contain inward supplies in Form  and outward supplies in Form of GSTR-02 GSTR-01 
goods/services, Input Tax Credit, tax payable and tax paid. Hence, the furnishing of the return 
shall mean self-assessment of the taxpayer. 
 
b) Provisional Assessment (sec. 60) 
Provisional GST assessment can be invoked by a taxable person by making a 
request/application in Form GST ASMT-01 to the  in case he is assessing officer not able to 
determine  
• The value of the supplies (goods or services or both) 
• Tax rate applicable to such supplies 
The proper officer may on receipt of the said application in Form GST ASMT-01, issue a notice 
in Form GST ASMT-02 to furnish additional information if any. 
The applicant shall file a reply to the notice received by him in Form GST ASMT 03 and may –
appear in person before the said officer if he so desires. 
 
b.1  Procedure for Provisional Assessment –
The detailed request in writing to the proper officer shall indicate  –
• Specific grounds/reasons, and the documents or information, due to which he is unable 
to self assess his tax payable 
• Period for which provisional assessment is required 
• The rate of duty or the  or both  to be applied by the assessee for value proposed
provisional payment of tax 
• An undertaking to appear before the proper officer on the date fixed by him and furnish 
all relevant information and documents within the time specified. 
 
b.2  Order of Provisional Assessment – 
The proper officer will issue a  directing provisional assessment stating  specific order –
• The grounds on which Provisional Assessment is ordered 
• The rate/value at which the tax has to be provisionally paid 
• The amount of differential tax for which bond is to be executed 
• The amount of security/surety as may be fixed by the proper officer. 
 
b.3  Furnishing of Bond & Security – 
The registered person shall execute a bond in Form GST ASMT-05 along with a security in the 
form of a bank guarantee not exceeding twenty-five percent of the amount covered under the 
bond as determined by the proper officer. 
b.4  Payment of Tax on provisional basis –
The proper officer may issue an order in Form GST ASMT-04 to pay tax on a provisional basis. 
 
b.5  Obligation to pass Final Order – 
The proper officer shall, within a period six months from the date of the communication of the 
“Provisional Order”, pass the final assessment order in Form GST ASMT-07 after taking into 
account such information as may be required (in Form GST ASMT-06). 
 
b.6  Extension of time to pass final order – 
On sufficient cause, in writing, six months may be extended by the Jt. Commissioner or 
Additional Commissioner for a further period of six months. However, the Commissioner can 
further extend it for 4 years on his discretion. 
 
c) Summary Assessment (sec. 64) 
Here, the assessing officer determines the liability of the assessee on the basis of returns filed 
by the taxpayer and other evidence in the possession of the assessing officer without calling for 
either the taxpayer or his records. The proper officer with the permission of Additional/Joint 
Commissioner, proceed to assess the tax liability of such person to protect the interest of 
revenue and issue an assessment order in Form GST ASMT-16 if he has sufficient grounds to 
believe that any delay in doing so may adversely affect the interest of revenue. 
 
Page 4


  
 
GST Procedure 
Goods and Service Tax (GST) is structured for efficient tax collection, reduction in corruption, 
easy inter-state movement of goods and a lot more. 
 
What does Assessment mean under GST? 
The word “Assessment “is comprehensive and can comprehend the whole procedure by 
ascertaining and imposing liability on taxpayer. “Assessment” means determination of tax 
liability under  and includes self-assessment, re-assessment, provisiona CGST Act, 2017 l 
assessment, summary assessment and best judgment assessment. Sections 59 to 64 of Chapter 
XII under CGST Act, 2017 deals with “Assessment”. 
In short, Assessment is the process of determination of the tax liability of a taxpayer. There are 
different ways  determine tax liability under the GST law. GST Assessment is required to be to
done to establish the tax liability of an assessee. Taxation Laws lay down a process of 
assessment, i.e. a way to figure out exactly how much tax should be paid. 
Below are the various types of assessment under GST. Only self-assessment is done by the 
taxpayer himself. All the other assessments are by tax authorities. 
Types of Assessment under GST 
These ledgers are maintained on the electronically on GST Portal. 
 
Assessment 
 
  
 
                By Tax                                   By tax  
                Payer                                                                                                    Authorities 
       
 
                  Self                Provisional           Summary            Scrutiny                 Best 
            Assessment          Assessment        Assessment          of returns           Judgment 
                                                                                                                          Assessment 
 
 
                                                                                                    Non              Unregistered  
                                                                                                     Filer’s               persons 
 
Short notes to different kinds of GST assessment 
a) Self Assessment (sec. 59) 
Self GST assessment is available to every  taxable person to assess the tax payable registered
by him for any tax period. Thus, determination of tax liability is to be undertaken by the 
taxpayer himself and stated in the return to be filed by him. The return is required to primarily 
contain inward supplies in Form  and outward supplies in Form of GSTR-02 GSTR-01 
goods/services, Input Tax Credit, tax payable and tax paid. Hence, the furnishing of the return 
shall mean self-assessment of the taxpayer. 
 
b) Provisional Assessment (sec. 60) 
Provisional GST assessment can be invoked by a taxable person by making a 
request/application in Form GST ASMT-01 to the  in case he is assessing officer not able to 
determine  
• The value of the supplies (goods or services or both) 
• Tax rate applicable to such supplies 
The proper officer may on receipt of the said application in Form GST ASMT-01, issue a notice 
in Form GST ASMT-02 to furnish additional information if any. 
The applicant shall file a reply to the notice received by him in Form GST ASMT 03 and may –
appear in person before the said officer if he so desires. 
 
b.1  Procedure for Provisional Assessment –
The detailed request in writing to the proper officer shall indicate  –
• Specific grounds/reasons, and the documents or information, due to which he is unable 
to self assess his tax payable 
• Period for which provisional assessment is required 
• The rate of duty or the  or both  to be applied by the assessee for value proposed
provisional payment of tax 
• An undertaking to appear before the proper officer on the date fixed by him and furnish 
all relevant information and documents within the time specified. 
 
b.2  Order of Provisional Assessment – 
The proper officer will issue a  directing provisional assessment stating  specific order –
• The grounds on which Provisional Assessment is ordered 
• The rate/value at which the tax has to be provisionally paid 
• The amount of differential tax for which bond is to be executed 
• The amount of security/surety as may be fixed by the proper officer. 
 
b.3  Furnishing of Bond & Security – 
The registered person shall execute a bond in Form GST ASMT-05 along with a security in the 
form of a bank guarantee not exceeding twenty-five percent of the amount covered under the 
bond as determined by the proper officer. 
b.4  Payment of Tax on provisional basis –
The proper officer may issue an order in Form GST ASMT-04 to pay tax on a provisional basis. 
 
b.5  Obligation to pass Final Order – 
The proper officer shall, within a period six months from the date of the communication of the 
“Provisional Order”, pass the final assessment order in Form GST ASMT-07 after taking into 
account such information as may be required (in Form GST ASMT-06). 
 
b.6  Extension of time to pass final order – 
On sufficient cause, in writing, six months may be extended by the Jt. Commissioner or 
Additional Commissioner for a further period of six months. However, the Commissioner can 
further extend it for 4 years on his discretion. 
 
c) Summary Assessment (sec. 64) 
Here, the assessing officer determines the liability of the assessee on the basis of returns filed 
by the taxpayer and other evidence in the possession of the assessing officer without calling for 
either the taxpayer or his records. The proper officer with the permission of Additional/Joint 
Commissioner, proceed to assess the tax liability of such person to protect the interest of 
revenue and issue an assessment order in Form GST ASMT-16 if he has sufficient grounds to 
believe that any delay in doing so may adversely affect the interest of revenue. 
 
d) Scrutiny Assessment (sec. 61) 
The Proper Officer can scrutinize the return and related furnished particulars to verify the 
correctness of the return and inform about any discrepancies noticed (in Form GST ASMT-10) 
and seek explanations. 
If the explanation is acceptable, the registered person will be informed and no further action 
will be taken. 
If explanation given is rejected within 30 days of being informed by the proper officer or where 
the registered person, fails to take the corrective action, the proper officer can start appropriate 
action including Audit, Special Audit, etc. 
 
e) Best Judgment Assessment 
If a registered person fails to furnish due return even after issuing of notice for submission of 
the return, the proper officer may proceed to assess such person to the best of his judgment. 
e.i  Assessment of non-filers of returns –
Where a registered person fails to furnish the return or even after the service of a notice under 
section 46, the proper officer may proceed to assess the tax liability of the said person to the 
best of his judgment taking into account all the relevant material and issue an assessment order 
in Form GST ASMT-15 within a period of five years as the case may be. (Section 62) 
e.ii  Assessment of unregistered persons  – –
Where a taxable person fails  –
To obtain registration or 
Whose registration has been cancelled but who was liable to pay tax, the proper officer may 
proceed to assess the tax liability to the best of his judgment and issue an assessment order 
within a period of five years as the case may be. However, no such assessment order shall be 
passed without giving the person an opportunity of being heard. (Section 63)