Assessment under GST means the determination of tax liability under GST.
Self Assessment under GST
Under GST, every registered taxable person shall assess the taxes payable by them on their own, and furnish a return for each tax period. This is called self-assessment.
Provisional Assessment under GST
A registered dealer can request the officer for provisional assessment if he is unable to determine the value of goods or rate of tax. The proper officer can allow the assessee to pay tax on a provisional basis at a rate or a value specified by him.
Scrutiny Assessment under GST
A GST officer can scrutinize the return to verify its correctness. The officer will ask for explanations on any discrepancies noticed in the returns.
Summary Assessment under GST
Summary Assessment is done when the assessing officer comes across sufficient grounds to believe any delay in showing a tax liability can harm the interest of the revenue. To protect the interest of the revenue, he can pass the summary assessment with the prior permission of the additional/joint commissioner.
Best Judgement Assessment under GST
- Assessment of non-filers of returns: If a registered taxable person does not file his return even after getting notice, the proper officer will assess the tax liability to the best of his judgment using the available relevant material.
- Assessment of unregistered persons: This assessment is done when a taxable person fails to obtain registration even though he is liable to do so.
The officer will assess the tax liability of such persons to the best of his judgment. The taxable person will receive a show cause notice and an opportunity of being heard.