GST Rules Amendment: July 2017

Amendment Name: Central Goods and Services Tax (Fifth Amendment) Rules, 2017. Empowered by section 164 of the CGST Act, 2017. Effective upon publication in the Official Gazette.

Key Amendments: Extension of timelines from sixty to ninety days in rule 3. Inclusion of recommendations from Ministry of External Affairs in rule 17. Modified procedure for availing input tax credit under rule 40.

Introduction of rule 44A for reversal of credit of Additional duty of Customs. Clarity enhancements in rule 61 for specifying conditions. Updates in rule 87 for challan validity and payment options. Appointment of officers for the Authority for Advance Ruling under rule 103.

Issued By: Dr. Sree Parvathy S.L., Under Secretary to the Government of India. Note: Original rules published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated June 19, 2017, and last amended via notification No. 17/2017-Central Tax, dated July 27, 2017.