Central Goods and Services Tax Rules Amended: Key Updates Unveiled

The Central Government, empowered by section 164 of the Central Goods and Services Tax Act, 2017, introduces amendments. Termed as the Central Goods and Services Tax (Ninth Amendment) Rules, 2017, these amendments come into force upon publication in the Official Gazette.

Rule 3 sees substitution, allowing provisional registrants to opt for tax payment under section 10 after filing FORM GST CMP-02 by March 31, 2018.

Rule 46A is inserted, permitting issuance of a single "invoice-cum-bill of supply" for taxable and exempted supplies to unregistered persons. Rule 54 introduces "consolidated tax invoice" for services supplied monthly. Rule 62 includes a proviso requiring GSTR-4 filing for the period prior to opting for section 10 tax payment.

Form revisions include updates to FORM GST CMP-02, FORM GSTR-1, FORM GSTR-1A, and FORM GSTR-4. Dr. Sree Parvathy S.L., Under Secretary to the Government of India, issues the amended rules. Compliance with these amendments is crucial for taxpayers to ensure adherence to updated regulations.