How to differentiate Provisional assessment with Self Assessed Tax?
What is Provisional assessment? How does Self Assessed Tax work under GST regime? What are the difference between Provisional assessment and Self Assessed Tax?
Self GST assessment is available to every registered taxable person to assess the tax payable by him for any tax period. The major determinants of the tax liability are generally the applicable tax rate and the value. There might be situations when these determinants might not be readily ascertainable and may be subject to the outcome of a process that requires deliberation and time.
The details about Provisional assessment and Self Assessed Tax with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Provisional assessment and Self Assessed Tax, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Provisional assessment and Self Assessed Tax separately below. You may kindly read the below links to know more about Self Assessed Tax and Provisional assessment.
Term provisional assessment under GST
Meaning of term Self Assessed Tax under GST
The above information easily explains about Self Assessed Tax and Provisional assessment.
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