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In accordance with GST, assessment of GST refers to determination of tax liability under this act. Generally people having GST registration have to file GST returns or pay GST every month according to GST liability. However the government can any time reevaluate or execute an assessment itself to ascertain if there are any errors or insufficient payment of GST.
There are various types of assessment under GST:
A) Section 59 - Self Assessment:
Every registered person shall self-assess the taxes payable under this act and furnish the returns for each tax period specified under section 39.
B) Section 60 - Provisional Assessment:
If a registered dealer is unable to determine the value of the goods or tax rate, he can request the officer for provisional assessment. An appropriate officer can authorize the assessee to pay tax on provisional basis at a rate or value specified by him.
C) Section 61 - Scrutiny Assessment:
A GST officer at any point can scrutinize the return to verify its correctness. If the officer noticed any discrepancies in the return he can any time enquire or even ask for explanations.
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