CBIC further amends the Central Goods and Services Tax Rules, 2017

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 60/2018 dated 30th October, 2018 to further amend the Central Goods and Services Tax (CGST) Rules, 2017.

Key Points of the Amendment are:

  1. In CGST Rules, 2017, new Rule 142A has been inserted, where any demand of tax, interest, penalty fee or any other dues under previous indirect regime becomes recoverable in the GST regime, the same shall be recovered electronically in FORM GST DRC-07A and the demand of the order shall be posted in Part II of Electronic Liability Register in FORM GST PMT-01.
  1. In form GSTR-4, declaration in the serial no. 4A of table 4 is not required to be given by the composition dealers.
  1. Serial No 7 in Form REG-16 – Application for cancellation of registration has been substituted.
  1. New Forms GST DRC-07A and GST DRC-07B for recovery of demand under the previous Indirect Tax regime has been inserted.

The Notification has come into force from 30th day of October, 2018.

For further details please refer the attached document.

Source: Central Board of Indirect Taxes & Customs

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