Central Goods and Services Tax (Twelfth Amendment) Rules, 2020

Oct 16, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on October 15, 2020 has issued the Central Goods and Services Tax (Twelfth Amendment) Rules, 2020 to further amend the Central Goods and Services Tax Rules, 2017. 

The following amendments have been made: 

•Rule 46, first proviso which specifies the harmonised digits nomenclature, has been substituted, namely: 

“Provided that the Board may, on the recommendations of the Council, by notification, specify: 

1.the number of digits of Harmonised System of Nomenclature code for goods or services that a class of registered persons shall be required to mention. 

2.a class of supply of goods or services for which specified number of digits of Harmonised System of Nomenclature code shall be required to be mentioned by all registered taxpayers. 

3.the class of registered persons that would not be required to mention the Harmonised System of Nomenclature code for goods or services.”

•Rule 67A, which specifies the manner of furnishing of returns or details of outward supplies by short messaging service facility, has been substituted, namely: 

“Notwithstanding anything contained in this Chapter, for a registered person who is required to furnish a Nil return under section 39 in FORM GSTR-3B or a Nil details of outward supplies under section 37 in FORM GSTR-1 or a Nil statement in FORM GST CMP-08 for a tax period, any reference to electronic furnishing shall include furnishing of the said return or the details of outward supplies or statement through a short messaging service using the registered mobile number and the said return or the details of outward supplies or statement shall be verified by a registered mobile number based One Time Password facility.”

•Rule 138E, which specifies the restriction, has been substituted, namely: 

“Provided also that the said restriction shall not apply during the period from the March 20, 2020 till October 15, 2020 in case where the return in FORM GSTR-3B or the statement of outward supplies in FORM GSTR-1 or the statement in FORM GST CMP-08, as the case may be, has not been furnished for the period February, 2020 to August, 2020.”

[Notification No. 79/2020-Central Tax]

 


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