FORM GST ASMT-05 - Furnishing of security and provisional-assessment bond
The taxpayer supplies the bank guarantee/security ordered in ASMT-04.
Responsible actor: The applicant furnishes the security and bond. Provision: Section 60(2); rule 98(4).
Official source and completed example
Download official blank source extract PDF Download completed fictional sample PDF
The sample is a flowed model of the prescribed fields and selected paragraphs, not an official issued PDF. Names, references and facts are fictional. It contains no signature, stamp, DSC or simulated approval.
CGST Act/Rules checked 21 October 2026. Prescribed form structure: official 1 January 2022 Part-B compilation. Rule cross-check: ICAI April 2026 bare law, PDF pages 308-310; current statutory periods explained separately.
Worked facts and completed entries
Aster tenders a ₹45,000 bank guarantee against the ₹1,80,000 provisional-assessment bond required by the 1 May 2026 order. All references are fictional and no guarantee, bond execution or government acceptance is represented.
1-3. Applicant and security order
| 1.GSTIN | 29AABCA0000A1ZT |
|---|---|
| 2.Name | Aster Learning Supplies Private Limited (fictional) |
| 3.Order number/date | ILLUSTRATION-ASMT04-2026-01 /1 May 2026 |
4. Security furnished
| Sr No | Mode | Reference | Date | Amount INR | Bank |
|---|---|---|---|---|---|
| 1 | Bank guarantee | ILLUSTRATION-BG-0045 | 10 May 2026 | 45,000 | Fictional Example Bank |
5. Declaration
The stated bank guarantee secures the differential tax on supplies permitted on provisional assessment. In an actual executed bond the obligor undertakes timely renewal and accepts lawful invocation for unpaid provisional-assessment dues or failure to supply finalisation records. This text is a completed teaching declaration only, not a bank undertaking.
Bond for provisional assessment - parties and amounts
| Obligor | Aster Learning Supplies Private Limited (fictional); 12 Learning Park, Bengaluru, Karnataka 560001 (fictional) |
|---|---|
| Beneficiary | President of India / Governor of Karnataka, as applicable to the executed instrument |
| Bond sum | INR1,80,000 - one lakh eighty thousand rupees |
| Bond date/place | 10 May 2026 /Bengaluru |
| Goods and HSN | Electronic learning modules; assumedHSN8543 |
| Bank guarantee sum | INR45,000 |
| Goods/value uncertainty | Final contractual rebate awaits 31 August 2026 certification |
Bond conditions
The model obligor must observe the provisional-assessment requirements and discharge tax/interest and lawful charges within 30 days of written demand after final assessment. On due performance the obligation becomes void; on breach the guarantee/bond may be enforced according to law. The bond is for performance of an act in which the public are interested.
Execution and witnesses
| Obligor/signatory | Meera Rao, director - not signed |
|---|---|
| Witness1 | Arun Sen, fictional Bengaluru resident, teacher - no signature reproduced |
| Witness2 | Leela Das, fictional Bengaluru resident, accountant - no signature reproduced |
| Acceptance by Government | Not executed; no officer signature, stamp or approval simulated |
How this form moves the matter forward
- Obtain the real bank guarantee on the exact terms and amount ordered.
- Submit the hard-copy bond/guarantee by the order deadline and complete ASMT-05 electronic evidence.
- Track expiry/renewal until the final order and authorised release.
Evidence supporting these entries
- ASMT-04 order and security calculation
- Actual original bank guarantee and bond in a real matter
- Submission record and later release/renewal trail
Period and legal consequences
ASMT-05 includes both the security schedule and the bond. This model carries both structures; its fictional bank name/reference cannot be used as financial security.
Primary source and exact locator
Official notified form source: PDF pages 308-310; printed pages 302-304.
CGST Act and government-hosted Act and Rules compilation - Section 60(2); rule 98(4). Source and example revision: 21 October 2026.
Questions answered by this example
Who prepares or issues this form?
The applicant furnishes the security and bond. The taxpayer supplies the bank guarantee/security ordered in ASMT-04.
Can this sample be filed or treated as an issued document?
No. It is a completed fictional teaching example. Use the notified form and the authenticated portal/proceeding record for an actual matter. The example contains no executed signature or official approval.
What must reconcile before the next step?
ASMT-04 order and security calculation; Actual original bank guarantee and bond in a real matter; Submission record and later release/renewal trail.