Provisional Assessment and Release of Security

How can I file an application for Provisional Assessment and Release of Security?

Steps for filing the application for provisional assessment and release of security is explained below:

  1. Filing of application for provisional assessment by taxpayer in Form GST ASMT-01

  2. Issue of notice for seeking additional information by Tax Official in Form GST ASMT-02

  3. Furnishing of reply by taxpayer in Form GST ASMT-03 to the notice issued in Form GST ASMT-02

  4. Issue of order accepting the Provisional Assessment in Form GST ASMT-04 prescribing security and bond therein or to Reject the application

  5. Furnishing of security and bond by taxpayer in Form GST ASMT-06 & taxpayer to physically handover the Bank Guarantee and bond to Tax official

  6. Acceptance of security by Tax Officer, Process of correction of security, Resubmission of Security

  7. Taxpayer can start selling the goods or providing the services as per Provisional Assessment Order and pay the tax amount as per rate or valuation mentioned in Provisional Assessment Order.

  8. After period of provisional assessment is over, Notice for seeking clarification in Form GST ASMT-06 to be issued to seek clarification for issue of final assessment order

  9. Seeking extension of AC/JC for a period of six months if order is not issued within six months of issue of provisional order in Form GST ASMT-04

  10. Further extension of Commissioner can be sought if order is not being issued within extended period

  11. Issue of Final Assessment order in Form GST ASMT-07

  12. Taxpayer to apply for release of security in Form GST ASMT-08

  13. Issue of order for release of security in Form GST ASMT-09

  14. Tax Official to physically handover the Bank Guarantee and bond to taxpayer

A. File an Application for Provisional Assessment

B. Open the Application's Case Details screen by searching for your filed Application in My Applications page or from View Additional Notices/Orders page

C. Take action using APPLICATIONS tab of Case Details screen: View your Filed Application

D. Take action using NOTICES tab of Case Details screen: View issued Notice related to that Application

E. Take action using REPLIES tab of Case Details screen: View/Add your replies to the issued Notice related to that Application

  • (1). Replying to Additional Information asked in Form GST ASMT-02

  • (2). Replying to Additional Information asked in Form GST ASMT-06

  • (3). Replying to Additional Information for Release Security

F. Take action using ORDERS tab of Case Details screen: View issued Orders related to that Application

G. Take action using SECURITY tab of Case Details screen: Deposit/ Resubmit/ Modify/ Release security related to that Application

  • (1). Furnishing of Security Amount

  • (2). Resubmitting of Security Amount

  • (3). Submission of Modified Security Amount

  • (4). Releasing of Security Amount