Central Goods and Services Tax (Third Amendment) Rules, 2020

Apr 13, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) publishes the Central Goods and Services Tax (Third Amendment) Rules, 2020 to further amend the Central Goods and Services Tax Rules, 2017.

The following amendments are as under:

Ø  Under Rule 8 which specifies the procedure for making application for registration, sub-rule (4A) has been inserted, namely:

The applicant shall, while submitting an application under sub-rule (4), with effect from April 01, 2020, undergo authentication of Aadhaar number for grant of registration.

Ø  Rule 25 has been substituted, namely:

Physical verification of business premises in certain cases: Where the proper officer is satisfied that the physical verification of the place of business of a person is required due to failure of Aadhaar authentication before the grant of registration, or due to any other reason after the grant of registration, he may get such verification of the place of business, in the presence of the said person, done and the verification report along with the other documents, including photographs, shall be uploaded in FORM GST REG-30 on the common portal within a period of fifteen working days following the date of such verification.

Ø  Under Rule 43 which specifies the manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases, clause (c), (d) and (e) has been substituted with effect from April 01, 2020.

Ø  Under Rule 80(3) which specifies the procedure for filing Annual Return, proviso has been added which specifies that every registered person whose aggregate turnover during the financial year 2018-2019 exceeds five crore rupees shall get his accounts audited and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the financial year 2018- 2019, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner.

Ø  Under Rule 89 which specifies the procedure for making application for refund of tax, interest, penalty, fees or any other amount, clause (c) has been substituted which specifies the meaning of “Turnover of zero-rated supply of goods”.

Ø  Insertion of Rule 96B: Recovery of refund of unutilised input tax credit or integrated tax paid on export of goods where export proceeds not realized.

Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette.

[Notification No. 16/2020 – Central Tax]


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