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Difference between Provisional assessment and Self-Certification under GST terms
What is Self-Certification? How does Provisional assessment work under GST regime? What are the difference between Self-Certification and Provisional assessment?
Self-Certification means the practice of giving information about oneself or one's company in a formal statement rather than being obliged to ask a third party to do so. In order to claim refund of taxes from the government authorities self-declaration is necessary document to be filed with authorities. Assessment means determination of tax liability and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment. The major determinants of the tax liability are generally the applicable tax rate and the value.
The details about Self-Certification and Provisional assessment with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Self-Certification and Provisional assessment, so as to enable you to have a clear idea on these shipping terms.
For your immediate reference, we give below web links on Self-Certification and Provisional assessment separately below. You may kindly read the below links to know more about Provisional assessment and Self-Certification.
What is Self-Certification under GST
Term provisional assessment under GST
The above information easily explains about Provisional assessment and Self-Certification.
We hope, you have satisfied with the difference between Self-Certification and Provisional assessment explained above. Do you have different thought on difference between Provisional assessment and Self-Certification?
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