CBEC explains 'provisional assessment' process; Refund upon finalisation subject to 'unjust enrichment' test

CBEC explains ‘provisional assessment’ under GST regime, which is a method for determining tax liability in case the correct tax liability cannot be determined at the time of supply; As per the procedure laid down, a supplier can request Asst. / Dy. Commissioner of Central Tax for payment on provisional basis, and furnish an application electronically in Form GST ASMT-01 alongwith supporting documents, which shall be scrutinised by said officer; On issuance of order in Fo...