FORM GST ASMT-07 - Final assessment order
The officer determines the final rate/value and resulting differential liability.
Responsible actor: The proper officer passes the final order. Provision: Section 60(3)-(5); rule 98(5).
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
The final rebate on 100 June 2026 modules is ₹5,000 rather than the provisional ₹10,000. Final value ₹1,05,000 versus provisional ₹1,00,000 creates ₹5,00,000 extra taxable value and ₹90,000 tax. Original tax due date 20 July 2026 to differential payment 1 October 2026 is 73 days:18% simple interest on ₹45,000 per head is ₹1,620 each. Total differential tax and interest is ₹93,240.
Reference and addressee
| Reference number | ILLUSTRATION-ASMT07-2026-01 |
|---|---|
| Date | 1 October 2026 |
| GSTIN | 29AABCA0000A1ZT |
| Name | Aster Learning Supplies Private Limited (fictional) |
| Address | 12 Learning Park, Bengaluru, Karnataka 560001 (fictional) |
| Provisional order/date | ILLUSTRATION-ASMT04-2026-01 /1 May 2026 |
Preamble and brief facts
The applicant was permitted a provisional value because its volume rebate remained unascertained. The 31 August 2026 certificate fixes the final rebate at ₹5,000 on each of 100 modules; the final taxable value is ₹1,05,000 per module.
Submissions by applicant
The applicant accepts the 31 August 2026 rebate certificate and ₹5,00,000 incremental value. The 100 covered June 2026 invoices had a common tax-payment due date 20 July 2026. In this fictional completed scenario differential tax and interest are paid 1 October 2026 under referenceILLUSTRATION-DRC03-FINAL-2026-01.
Discussion and findings
Final value is ₹1,05,00,000; provisional value ₹1,00,00,000. The difference ₹5,00,000 at18% yields ₹90,000 tax:₹45,000 CGST and ₹45,000 SGST. Interest from 21 July 2026 through 1 October 2026 is 73 days. ₹45,000×18%×73/365=₹1,620 per head. The tax-plus-interest total is ₹93,240, split ₹46,620 under each head.
Conclusion and order
The final value for the 100 covered June 2026 invoices is ₹1,05,000 per module. Differential tax ₹90,000 and interest ₹3,240 are recorded against the fictional 1 October 2026 payment reference. No penalty or other amount is imposed in this selected model. The ₹45,000 bank guarantee may be released only through the separate ASMT-08 application and ASMT-09 decision. The model is unsigned and grants no actual release.
Amount payable and discharged in the fictional scenario
| Head | Differential tax INR | Interest INR | Other INR | Total INR |
|---|---|---|---|---|
| CGST | 45,000.00 | 1,620.00 | 0.00 | 46,620.00 |
| SGST | 45,000.00 | 1,620.00 | 0.00 | 46,620.00 |
| Total | 90,000.00 | 3,240.00 | 0.00 | 93,240.00 |
Issuing role
| Role | N. Prakash, Assistant Commissioner, Bengaluru (fictional; unsigned teaching role) |
|---|---|
| Signature/DSC | Not executed |
How this form moves the matter forward
- Reconcile invoice-wise final value against the provisional returns.
- Calculate and pay the due-date-specific differential interest; retain challan/DRC-03 references.
- Apply in ASMT-08 for release only after the final-order dues are discharged.
Evidence supporting these entries
- Final rebate certificate and 100-invoice schedule
- Final/provisional value and tax reconciliation
- Actual interest computation and payment record in a real matter
Period and legal consequences
Section 60(4) interest runs from the first day after the original due date until actual payment, whether payment occurs before or after final assessment. The illustration pays on the order date, so no further interest remains in its assumed facts.
Primary source and exact locator
Official notified form source: PDF pages 312-312; printed pages 306-306.
CGST Act and government-hosted Act and Rules compilation - Section 60(3)-(5); rule 98(5). Source and example revision: 21 October 2026.
Questions answered by this example
Who prepares or issues this form?
The proper officer passes the final order. The officer determines the final rate/value and resulting differential liability.
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?
Final rebate certificate and 100-invoice schedule; Final/provisional value and tax reconciliation; Actual interest computation and payment record in a real matter.