GST Provisional Assessment MCQ, GST Assessment Online Test Series

A taxable person may apply for provisional assessment:

The provisional assessment sought by a taxable person can be used by:

The payment of tax on provisional basis may be allowed, if the taxable person:

What is the time period within which the final assessment order should be passed?

If final order is not passed within six months, time period specified in 60(1) may, on
sufficient cause being shown and for reasons to be recorded in writing, be extended:

Whether any additional interest/penalty/prosecution will be leviable for non-payment of
tax determined under provisional assessment?

What shall be interest payable to the taxable person if he is entitled to a refund
consequent to the order for final assessment?

What will be the consequences when tax payable under final order passed under subsection
(3) is more than tax paid based on provisional assessment?

Whether all the returns submitted under Section 39 will be scrutinised?

Whether any time limit has been specified to issue notice for scrutiny?

In case no satisfactory explanation is furnished for the discrepancies within a period of
thirty days of being informed by the proper officer or such further period as may be
permitted proper officer may initiate appropriate action: