Taxpayers can now claim the refund of the tax amounts using the refund application online for the refund amount raised “On account of Assessment / Provisional Assessment / Appeal / Any other Order.
GST Tip – 340
The concerned tax officer has to finalize the provisional assessment within 6 months from the date of issuing the order to the taxpayer under provisional assessment and also issue the final assessment order.
GST Tip – 339
The taxable person applying for provisional payment of taxes under GST shall execute a bond or bank guarantee and furnish the same in FORM GST ASMT-05 to the concerned officer.
GST Tip – 336
As per Section 60 of the CGST Act, if a taxpayer is not able to determine the value of goods or services or both or determine the rate of tax applicable thereto, the taxpayer may request the proper officer to pay taxes on provisional basis by filing the return in FORM GST ASMT-01 ( as per rule 98 of the CGST Rules) giving reasons for payment of tax on a provisional basis.
GST Tip – 150
Taxpayers will apply for the refund of GST for any of the following reasons Excess balance in Cash ledger, Exports of goods or services, Supply of goods or services to SEZ/EOU, Assessment or provisional assessment or Appeal or Order No and for ITC accumulated due to inverted duty structure.
india-gst.in 