Amendments to Central Goods and Services Tax Rules, 2017

Central Government introduces amendments to GST rules.

New rules termed as Central Goods and Services Tax (Fourth Amendment) Rules, 2020.

Effective from March 31, 2020, specified amendments come into effect.

Registered persons opting for tax payment under section 10 for FY 2020-21 must file intimation in FORM GST CMP-02 by June 30, 2020.

Additionally, furnish statement in FORM GST ITC-03 by July 31, 2020.

Proviso inserted in sub-rule (4) of rule 36 regarding cumulative adjustment of input tax credit.

Adjustment for February to August 2020 reflected in September 2020 return (FORM GSTR-3B). Aimed at streamlining tax procedures amidst changing economic conditions.