Central Goods and Services Tax (Amendment) Rules, 2020

Jan 02, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on January 01, 2020, has published the Central Goods and Services Tax (Amendment) Rules, 2020 to further amend the Central Goods and Services Tax Act, 2017.

Some of the major amendments in the Central Goods and Services Tax Act, 2017, namely:

 Under Rule 117 which specifies the provisions for tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day:

i. Sub-rule (1A) has been substituted: where the date for submitting the declaration electronically in Form GST TRAN-1 has been extended for a further period but not beyond March 31, 2020, in respect of registered persons who could not submit the said declaration by the due date on account of technical difficulties on the common portal and in respect of whom the Council has made a recommendation for such extension.

ii. Sub-rule (4)(b)(iii) has been substituted: where the date for submitting a statement giving details of supplies of such goods in FORM GST TRAN 2 has been extended to April 30, 2020 for the registered persons who are filing the declaration in FORM GST TRAN-1.

 Substitution of Forms:

i. Form REG-01: Application for Registration

ii. FORM GSTR-3A: Notice for Defaulters of GST Return Filing

iii. FORM INV-01: Generation of Invoice Reference Number

[Notification No. 02/2020 – Central Tax]


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