The proper officer shall issue an order in FORM GST ASMT-04 allowing the payment of tax on a provisional basis indicating the following:
(a) the value or the rate or both on the basis of which the assessment is to be allowed on a provisional basis
(b) the amount for which the bond is to be executed
(c) security to be furnished not exceeding twenty five per cent of the amount covered under the bond.
The “amount” shall include the amount of IGST, CGST, SGST, UTGST and cess
payable in respect of the transaction.
(ICAI FAQ PUBLICATIONS 06-09-2107 PROVISIONAL ASSESSMENT: FAQ NO. 8)