New Rule introduced under Goods and Services Tax Settlement of Funds Rules, 2017

Feb 07, 2018 | by Avantis RegTech Legal Research Team

The Ministry of Finance has issued a notification for making an amendment in the Goods and Services Tax Settlement of Funds Rules, 2017 through Goods and Services Tax Settlement of Funds (Amendment) Rules, 2018.

Insertion of new sub-rule (3) after Rule 11(2) of these rules as under:

“At any point of time in any particular financial year, the Central Government may, on the recommendations of the Goods and Services Tax Council, provisionally settle any sum of integrated goods and services tax collected in that particular financial year which has not been settled so far.”

[F. No. 31013/16/2017-ST-I-DoR]

 

URL: http://www.egazette.nic.in/WriteReadData/2018/182616.pdf


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