Central Goods and Services Tax Rules Amended: Key Changes Unveiled
The Central Government exercises authority under section 164 of the Central Goods and Services Tax Act, 2017, to introduce amendments.
The newly introduced rules are termed as the Central Goods and Services Tax (Tenth Amendment) Rules, 2017.
Effective upon publication in the Official Gazette, these rules bring about crucial modifications.
Rule 89 is amended to allow either the recipient or the supplier of deemed export supplies to file refund applications.
Rule 96A now permits the Commissioner to grant further time beyond the initial three months for filing.
Amendments are made to FORM GST RFD-01, specifically in Statements 2 and 4, to streamline refund processes.
Gunjan Kumar Verma, Under Secretary to the Government of India, issues the notification.
Compliance with these amended rules is necessary for smooth refund processing.