Section 60 – Provisional Assessment
Section 60 of CGST Act, 2017 – Provisional Assessment Updated on: February 2026 (as applicable till date) Prepared by: Yours Tax Consultant 1. Purpose and Importance of Section 60 Section 60 provides a mechanism for provisional assessment where a registered person is unable to determine the correct value of supply or the applicable rate of tax . This provision allows business continuity without forcing taxpayers to guess tax liability and risk penal consequences. 2. Statutory Provision – Section 60 Section 60(1): Subject to the provisions of sub-section (2), where a registered person is unable to determine the value of supply of goods or services or both or the rate of tax applicable thereto, he may request the proper officer in writing to pay tax on a provisional basis. Section 60(2): The proper officer shall pass an order, within such period as may be prescribed, allowing the payment of tax on a provisional basis at such rate or on such value as may be sp...