Kinds of Assessments

  • Self Assessment
  • Summary Assessment
  • Regular Assessment
  • Provisional Assessment
  • Best judgment Assessment
  • Protective Assessment
  • Taxes due during any tax period to be assessed by concerned registered taxable person and such person to file a return as required under the law.
  • filing of return prescribed under Section 59 of SGST law implies to self assessment.
  • In case of goods returned within 6 months from the date of receipt, then amount of ITC availed earlier in respect of such receipt to be included in self assessed return.
  • Provisional Assessment
    • If taxable person unable to determine the value of goods and/or services or
    • The applicable rate of tax

Assessment of Non-filer

  • If a registered taxable person does not furnish the monthly/quarterly or final return
    • within 15 days of service of notice then
    • proper officer may pass a best judgment assessment order within
      • 5 years from due date of filing annual return, in case there is evidence of any fraud, or
      • 3 years from due date of filing annual return, in any other case
  • If valid return furnished within 30 days of service of such order then the order deemed to have been withdrawn
  • Interest or late fee, as applicable, to be paid.

Assessment of un-registered Person

  • If a person liable to be registered in terms of Schedule III does not obtain registration
  • Proper officer may pass a best judgment assessment order within 5 years from due date of filing annual return after granting reasonable opportunity of being heard to the said person.

Summary Assessment

  • If proper officer has
    • evidence of any tax liability of a person and
    • reason to believe that delay in assessment will adversely affect interest of revenue
  • Such officer, to protect interest of revenue, may pass an assessment order.