Amendment in CGST Rules dtd. 13.06.2018

Amendment in CGST Rules dtd. 13.06.2018

  1. Input tax credit shall be eligible on the free of cost goods/services/both provided by recipient to the supplier. However value of such goods/service/both needs to be included by the supplier in his value of supply.
  2. Sales tax practitioner or tax return preparer under the existing law who is enrolled as a goods and services tax practitioner needs to pass examination before 31st December 2018, to remain enrolled as GST practitioner.
  3. Retrospective amendment has been made. With effect from 1st July 2017 refund of input tax credit on account of inverted duty structure shall be limited only upto input tax credit availed on inputs during the relevant period. Prior to this retrospective amendment refund of input tax credit availed on inputs and input services was available till 18th April 2018.
  4. 50% of amount of condescension cess determined under section 54(5) of CGST Act shall be deposited to the Consumer Welfare Fund.
  5. The amount to be returned under Anti-profiteering clause, has been determined but the eligible person has not claimed such amount, then 50% of such amount shall be deposited in Consumer Welfare Fund under CGST Act and remaining amount shall be deposited in Consumer Welfare Fund of respective State Goods and Service Tax Act.
  6. E-way bill shall not be required for movement of empty cylinders for packing of liquefied petroleum gas are being moved for reasons other than supply.
  7. Details of Inward supplies received from a registered supplier need not be furnished in GSTR-4(Quarterly return for registered person opting for composition levy) for the month of July, 2017 to September, 2017, October, 2017 to December, 2017, January, 2018 to March, 2018 and April, 2018 to June, 2018.
  8. Declaration has been added in the Form PCT-01 (Application for Enrolment as Goods and Services Tax Practitioner)
  9. GSTIN of the supplier to be mentioned in Annexure 1A for refund application for ITC accumulated due to inverted tax structure
  10. Statement 5B of RFD-01A regarding refund on account of deemed exports has been amended. GSTIN of the supplier to be mentioned in Statement 5B. (Notification no. 26/2018)
 
  • List of perishable or hazardous goods has been specified w.r.t. seized goods by proper officer under section 67(2) of CGST Act. These goods shall be disposed of according the nature of such goods. (Notification 27/2018 Central Tax)
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