FORM GST ASMT-08 - Application for withdrawal of security
The taxpayer applies to withdraw the security after paying the final-assessment dues.
Responsible actor: The registered person requests release after final assessment. Provision: Rule 98(6).
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 model assumes the fictional taxpayer has discharged its ASMT-07 differential tax and the separately calculated statutory interest. It requests return/release of the same ₹45,000 bank guarantee, not a cash refund of ₹45,000.
1-3. Applicant and earlier security filing
| 1.GSTIN | 29AABCA0000A1ZT |
|---|---|
| 2.Name | Aster Learning Supplies Private Limited (fictional) |
| 3.Security-filing ARN/date | ILLUSTRATION-ASMT05-2026-01 /10 May 2026 |
4. Security requested to be withdrawn
| Sr No | Mode | Reference | Original date | Amount INR | Bank |
|---|---|---|---|---|---|
| 1 | Bank guarantee | ILLUSTRATION-BG-0045 | 10 May 2026 | 45,000 | Fictional Example Bank |
Final-order compliance supporting release
| Final order/date | ILLUSTRATION-ASMT07-2026-01 /1 October 2026 |
|---|---|
| Tax and interest paid | INR93,240: CGST46,620 andSGST46,620 |
| Payment reference/date | ILLUSTRATION-DRC03-FINAL-2026-01 /1 October 2026; fictional transaction |
Verification and execution
I, Meera Rao, director of the fictional applicant, solemnly affirm that the information in this educational scenario is true to its stated assumed facts and nothing has been concealed. Place: Bengaluru. Date: 10 October 2026. Signatory name/status: Meera Rao, authorised director (fictional; unsigned). Signature: not executed. No DSC, signature, seal or official approval is reproduced.
How this form moves the matter forward
- Match the requested guarantee exactly to ASMT-05 and the final order.
- Attach actual discharge evidence for differential tax and interest.
- Await ASMT-09; an application alone does not release the guarantee.
Evidence supporting these entries
- ASMT-07 and original ASMT-05 acknowledgement
- Original bank guarantee reference/amount
- Actual tax/interest discharge proof in a real matter
Period and legal consequences
The officer normally releases security within 7 working days after the application when the applicant has paid the amount specified in the final assessment order.
Primary source and exact locator
Official notified form source: PDF pages 313-313; printed pages 307-307.
CGST Act and government-hosted Act and Rules compilation - Rule 98(6). Source and example revision: 21 October 2026.
Questions answered by this example
Who prepares or issues this form?
The registered person requests release after final assessment. The taxpayer applies to withdraw the security after paying the final-assessment dues.
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-07 and original ASMT-05 acknowledgement; Original bank guarantee reference/amount; Actual tax/interest discharge proof in a real matter.