Rules stipulate assessment, appeals mechanism; Govt. to prescribe documents till e-way bill system developed

Final Rules on ‘Assessment and Audit’ provide for provisional assessment on furnishing of bond or security, and finalization thereof in Form GST ASMT-06 after examining information and records; Rules also prescribe procedure for scrutiny of Returns and assessment on best judgment basis, while stipulating the Financial Year or multiples thereof as ‘period of audit’; ‘Appeal & Revision’ Rules contain mechanism for filing appeals to Appellate Authority, Tribunal ...