GST Assessment | GST Bill

The sole objective of Goods and Service Tax or GST Bill will consolidate all indirect taxes under one section and will assist the businesses become globally competitive. GST bill provides provisions for assessments so as to facilitate easy calculation and easy payment of taxes.

Define Assessment

Assessment refers to the determination of tax liability under GST law. We shall now discuss the various types of assessment under GST.

Types of Assessment under GST

  • Self-assessment
  • Provisional assessment
  • Scrutiny assessment
  • Best judgment assessment
  • Summary assessment

From above all assessments, only self-assessment is done by the taxpayer, rest all the other assessments are done by tax authorities.

Section 57. Self-Assessment

Every registered taxable person shall himself assess the taxes payable under this Act and furnish a return for each tax period as specified under section 34.

Section 58. Provisional Assessment

Where the taxable person is unable to determine the value of goods and/or services or determine the rate of tax applicable thereto, he may request the proper officer in writing giving reasons for payment of tax on a provisional basis and the proper officer may pass an order allowing payment of tax on provisional basis at such rate or on such value as may be specified by him.

Section 59. Scrutiny of returns

The proper officer may scrutinize the return and related particulars furnished by the taxable person to verify the correctness of the return in such manner as may be prescribed.

Section 60. Assessment of non-filers of returns

(1) Where a registered taxable person fails to furnish the return required under section 34 or section 40, even after the service of a notice under section 41, 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 which is available or which he has gathered and issue an assessment order within the time limit specified in sub-section (8) of section 67.

Section 61. Assessment of unregistered persons

Notwithstanding anything to the contrary contained in section 66 or section 67 , where a taxable person fails to obtain registration even though liable to do so, the proper officer may proceed to assess the tax liability of such taxable person to the best of his judgment for the relevant tax periods and issue an assessment order within a period of five years from the due date for filing of the annual return for the year to which the tax not paid relates

Section 62. Summary assessment in certain special cases

The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous 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, if he has sufficient grounds to believe that any delay in doing so will adversely affect the interest of revenue:

 

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