Amendment in Central Goods and Services Tax Rules, 2017 – March 2018

Amendment in Central Goods and Services Tax Rules, 2017

  • INPUT TAX CREDIT
 

Where goods are transferred directly from one job-worker to another challan may be issued either by the principal or the job worker sending the goods to another job worker. Challan issued by the principal to be endorsed by the job worker, indicating therein the quantity and description of goods at the time of sending goods to another job-worker or returning to principal. Similarly the challan endorsed by the job worker may be further endorsed by another job worker, indicating therein the quantity and description of goods where the goods are sent by one job worker to another or are returned to the principal.

  • Anti-profiteering:
 
  1. Secretary to the Authority w.r.t. ant-profiteering rules shall be Additional Commissioner (working in the Directorate General of Safeguards).
  2. Where the National Anti-profiteering Authority, is of the opinion that further investigation or inquiry is called for in the matter, it may, for reasons to be recorded in writing, refer the matter to the Director General of Safeguards to cause further investigation or inquiry even after receipt of report of the Director General of Safeguards.
  3. Procedure for Decision to be taken by the majority in case anit-profiteering has been specified. A minimum of three members of the Authority shall constitute quorum at its meetings. The point shall be decided according to the opinion of the majority of the members present and voting, and in the event of equality of votes, the Chairman shall have the second or casting vote.
  • E-Way:
 

It has been specified that ‘transported by railways’, ‘transportation of goods by railways’, ‘transport of goods by rail’ and ‘movement of goods by rail’ does not include cases where leasing of parcel space by Railways takes place.”.

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