Revised and amended CGST Rules 2017 applicable from 1st July 2017. Amendment to previous notification

Revised and amended CGST Rules 2017 applicable from 1st July 2017. Government has drastically amended CGST Rules notification no 3/2017-Central Tax dated 19.06.2017

Revised and amended CGST Rules 2017

Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs

Notification No. 10 /2017 – Central Tax

New Delhi, the 28 June, 2017 7
Ashadha, 1939 Saka

G.S.R. ( )E.:– In exercise of the powers conferred by section 164 of the Central Goods and Services tax Act, 2017 (12 of 2017), the Central Government, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

1. (1) These rules may be called the Central Goods and Services Tax (Second Amendment) Rules, 2017.
(2) They shall come into force on the 1st day of July, 2017.

2. In the Central Goods and Services Tax Rules, 2017, after rule 26, the following shall be inserted, namely:-

“Chapter IV
Determination of Value of Supply

27. Value of supply of goods or services where the consideration is not wholly in money

28. Value of supply of goods or services or both between distinct or related persons, other than through an agent.

29. Value of supply of goods made or received through an agent.

30. Value of supply of goods or services or both based on cost.

31. Residual method for determination of value of supply of goods or services or both.

32. Determination of value in respect of certain supplies.

33. Value of supply of services in case of pure agent.

34. Rate of exchange of currency, other than Indian rupees, for determination of value.

35. Value of supply inclusive of integrated tax, central tax, State tax, Union territory tax

Chapter V
Input Tax Credit

36. Documentary requirements and conditions for claiming input tax credit.

37. Reversal of input tax credit in the case of non-payment of consideration

38. Claim of credit by a banking company or a financial institution

39. Procedure for distribution of input tax credit by Input Service Distributor

40. Manner of claiming credit in special circumstances

41. Transfer of credit on sale, merger, amalgamation, lease or transfer of a business

42. Manner of determination of input tax credit in respect of inputs or input services and reversal thereof

43. Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases.

44. Manner of reversal of credit under special circumstances

45. Conditions and restrictions in respect of inputs and capital goods sent to the job worker

Chapter VI
TAX INVOICE, CREDIT AND DEBIT NOTES

46. Tax invoice

47. Time limit for issuing tax invoice

48. Manner of issuing invoice.

49. Bill of supply

50. Receipt voucher

51. Refund voucher

52. Payment voucher

53. Revised tax invoice and credit or debit notes

54. Tax invoice in special cases

55. Transportation of goods without issue of invoice

Chapter VII
Accounts and Records

56. Maintenance of accounts by registered persons

57. Generation and maintenance of electronic records.

58. Records to be maintained by owner or operator of godown or warehouse and transporters

Chapter VIII
Returns

59. Form and manner of furnishing details of outward supplies.

60. Form and manner of furnishing details of inward supplies

61. Form and manner of submission of monthly return

62. Form and manner of submission of quarterly return by the composition supplier

63. Form and manner of submission of return by non-resident taxable person

64. Form and manner of submission of return by persons providing online information and database access or retrieval services.

65. Form and manner of submission of return by an Input Service Distributor.

66. Form and manner of submission of return by a person required to deduct tax at source.

67. Form and manner of submission of statement of supplies through an ecommerce operator.

68. Notice to non-filers of returns

69. Matching of claim of input tax credit

70. Final acceptance of input tax credit and communication thereof

71. Communication and rectification of discrepancy in claim of input tax credit and reversal of claim of input tax credit

72. Claim of input tax credit on the same invoice more than once.

73. Matching of claim of reduction in the output tax liability

74. Final acceptance of reduction in output tax liability and communication thereof

75. Communication and rectification of discrepancy in reduction in output tax liability and reversal of claim of reduction.

76. Claim of reduction in output tax liability more than once.-

77. Refund of interest paid on reclaim of reversals.

78. Matching of details furnished by the e-Commerce operator with the details furnished by the supplier

79. Communication and rectification of discrepancy in details furnished by the ecommerce operator and the supplier.

80. Annual return

81. Final return

82. Details of inward supplies of persons having Unique Identity Number

83. Provisions relating to a goods and services tax practitioner

84. Conditions for purposes of appearance

Chapter IX
Payment of Tax

85. Electronic Liability Register

86. Electronic Credit Ledger

87. Electronic Cash Ledger

88. Identification number for each transaction.

Chapter X
Refund

89. Application for refund of tax, interest, penalty, fees or any other amount

90. Acknowledgement

91. Grant of provisional refund

92. Order sanctioning refund

93. Credit of the amount of rejected refund claim

94. Order sanctioning interest on delayed refunds

95. Refund of tax to certain persons

96. Refund of integrated tax paid on goods exported out of India

97. Consumer Welfare Fund

CHAPTER XI
ASSESSMENT AND AUDIT

98. Provisional Assessment

99. Scrutiny of returns

100. Assessment in certain cases

101. Audit

Chapter – XII
Advance Ruling

103. Qualification and appointment of members of the Authority for Advance Ruling

104. Form and manner of application to the Authority for Advance Ruling

105. Certification of copies of advance rulings pronounced by the Authority

106. Form and manner of appeal to the Appellate Authority for Advance Ruling

107. Certification of copies of the advance rulings pronounced by the Appellate Authority

Chapter – XIII
Appeals and Revision

108. Appeal to the Appellate Authority

109. Application to the Appellate Authority

110. Appeal to the Appellate Tribunal

111. Application to the Appellate Tribunal

112. Production of additional evidence before the Appellate Authority or the Appellate Tribunal

113. Order of Appellate Authority or Appellate Tribunal

114. Appeal to the High Court

115. Demand confirmed by the Court

116. Disqualification for misconduct of an authorised representative

Chapter XIV
Transitional Provisions

117. Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day.

118. Declaration to be made under clause (c) of sub-section (11) of section 142

119. Declaration of stock held by a principal and agent

120. Details of goods sent on approval basis

121. Recovery of credit wrongly availed

Chapter XV
Anti-Profiteering

122. Constitution of the Authority

123. Constitution of the Standing Committee and Screening Committees

124. Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority

125. Secretary to the Authority.

126. Power to determine the methodology and procedure

127. Duties of the Authority

128. Examination of application by the Standing Committee and Screening Committee

129. Initiation and conduct of proceedings

130. Confidentiality of information

131. Cooperation with other agencies or statutory authorities

132. Power to summon persons to give evidence and produce documents

133. Order of the Authority

134. Decision to be taken by the majority

135. Compliance by the registered person

136. Monitoring of the order

137. Tenure of Authority

Chapter XVI
E-way Rules

138. E-way rule

Form GST ITC – 01
Form GST ITC -02
Form GST ITC -03
Form GST ITC -04
Form GST ENR-01-Application for Enrolment u/s 35 (2)
Form GSTR-1 – Details of outward supplies of goods or services
Form GSTR-2 – Details of inward supplies of goods or services
FORM GSTR-2A – Details of auto drafted supplies
Form GSTR-3 – Monthly return
Form GSTR-3A – Notice to return defaulter u/s 46 for not filing return
FORM GSTR-3B
Form GSTR-4 Quarterly return for registered person opting for composition levy
Form GSTR-4A – Auto-drafted details for registered person opting for composition levy
Form GSTR-5 – Return for Non-resident taxable person
Form GSTR-5A – Details of supplies of online information and database access or retrieval services by a person located outside India made to non-taxable persons in India
Form GSTR-6 Return for input service distributor
Form GSTR-6A Details of supplies auto-drafted form
Form GSTR-7 Return for Tax Deducted at Source
Form GSTR 7A Tax Deduction at Source Certificate
Form GSTR – 8 Statement for tax collection at source
Form GSTR -11 Statement of inward supplies by persons having Unique Identification Number (UIN)
Form GST PCT – 1 Application for Enrolment as Goods and Services Tax Practitioner
Form GST PCT-02 Enrolment Certificate of Goods and Services Tax Practitioner
Form GST PCT-03 Show Cause Notice for disqualification
Form GST PCT-04 Order of rejection of enrolment as GST Practitioner
Form GST PCT-05 Authorisation / withdrawal of authorisation for Goods and Services Tax Practitioner
FORM-GST-RFD-01 Application for Refund
FORM-GST-RFD-02 Acknowledgment
FORM-GST-RFD-03 Deficiency Memo
FORM-GST-RFD-04 Provisional Refund Order
FORM-GST-RFD-05 Payment Advice
FORM-GST-RFD-06 Refund Sanction/Rejection Order
FORM-GST-RFD-07 Order for Complete adjustment of sanctioned Refund
FORM-GST-RFD-08 Notice for rejection of application for refund
FORM-GST-RFD-09 Reply to show cause notice

Download revised and Amended CGST Rules 2017 Click Here >>

----------- Similar Posts: -----------

Leave a Reply

Subscribe to ABCAUS Newsletter

Get reliable, authentic and latest updates on taxation/corporate and other laws in your mail box free.



After subscribing, please check your email (including spam or junk folder) and activate the subscription link by clicking it.