Government of India Ministry of Finance Department of Revenue
Central Board of Excise and Customs
Notification No. 17/2017 – Central
Tax
New Delhi, the 27th July, 2017
G.S.R. ( )E.:- In exercise of the powers conferred by section 164 of the
Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government
hereby makes the following rules further to amend the Central Goods and Services
Tax Rules, 2017, namely:-
(1) These rules may be called the Central Goods and Services Tax (Fourth
Amendment) Rules, 2017.
(2) Save as otherwise provided, they shall come into force on the date of
publication in the Official Gazette.
2. In the Central Goods and Services Tax Rules, 2017,
(i) in rule 24, with effect from 22nd July, 2017, in sub-rule (4), for the
words “within a period of thirty days from the appointed day”, the words and
figures “on or before 30th September, 2017” shall be substituted;
(ii) for rule 34, the following shall be substituted, namely:
“34. Rate of exchange of currency, other than Indian rupees, for
determination of value.- (1) The rate of exchange for determination of value of
taxable goods shall be the applicable rate of exchange as notified by the Board
under section 14 of the Customs Act, 1962 for the date of time of supply of such
goods in terms of section 12 of the Act.
(2) The rate of exchange for determination of value of taxable services shall
be the applicable rate of exchange determined as per the generally accepted
accounting principles for the date of time of supply of such services in terms
of section 13 of the Act.”;
(iii) in rule 44, with effect from 1st July, 2017, for sub-rules (2) and (3),
the following shall be substituted, namely:-
“(2) The amount, as specified in sub-rule (1) shall be determined separately
for input tax credit of central tax, State tax, Union territory tax and
integrated tax.
(3) Where the tax invoices related to the inputs held in stock are not
available, the registered person shall estimate the amount under sub-rule (1)
based on the prevailing market price of the goods on the effective date of the
occurrence of any of the events specified in sub-section (4) of section 18 or,
as the case may be, sub-section (5) of section 29.”;
(iv) in rule 46, for the third proviso, the following proviso shall be
substituted, namely:-
“Provided also that in the case of the export of goods or services, the
invoice shall carry an endorsement “SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT
OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT OF INTEGRATED TAX” or
“SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED
OPERATIONS UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED
TAX”, as the case may be, and shall, in lieu of the details specified in clause
(e), contain the following details, namely,-
(i) name and address of the recipient;
(ii) address of delivery; and
(iii) name of the country of destination:”;
(v) in rule 61, with effect from 1st July, 2017, for sub-rule (5), the
following sub-rules shall be substituted, namely:-
“(5) Where the time limit for furnishing of details in FORM GSTR-1 under
section 37 and in FORM GSTR-2 under section 38 has been extended and the
circumstances so warrant, the Commissioner may, by notification, specify that
return shall be furnished in FORM GSTR-3B electronically through the common
portal, either directly or through a Facilitation Centre notified by the
Commissioner.
(6) Where a return in FORM GSTR-3B has been furnished, after the due date for
furnishing of details in FORM GSTR-2—
(a) Part A of the return in FORM GSTR-3 shall be electronically generated on
the basis of information furnished through FORM GSTR-1, FORM GSTR-2 and based on
other liabilities of preceding tax periods and PART B of the said return shall
be electronically generated on the basis of the return in FORM GSTR-3B furnished
in respect of the tax period;
(b) the registered person shall modify Part B of the return in FORM GSTR-3
based on the discrepancies, if any, between the return in FORM GSTR-3B and the
return in FORM GSTR-3 and discharge his tax and other liabilities, if any;
(c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount of
input tax credit in terms of FORM GSTR-3B, the additional amount shall be
credited to the electronic credit ledger of the registered person.”;
(vi) in rule 83, with effect from 1st July, 2017, in sub-rule (3), in the
second proviso, for the word “sub-section”, the word “sub-rule” shall be
substituted;
(vii) in rule 89, with effect from 1st July, 2017, in sub-rule (4), in clause
(E), for the word “sub-section”, the word “clause” shall be substituted;
(viii) in FORM GST TRAN-1, with effect from 1st July, 2017, in Sl. No. 7, in
Table (a), for the heading of column (2), the heading “HSN as applicable” shall
be substituted;
(ix) in FORM GST TRAN-2, with effect from 1st July, 2017, in Sl. No. 4 and 5,
in the Table, for the heading of column (1), the heading “HSN as applicable”
shall be substituted.
(Dr. Sreeparvathy S.L.) Under Secretary to the Government of India [F.
No. 349/58/2017-GST]
Note:- The principal rules were published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i) vide notification
No.
3/2017-Central Tax, dated the 19th June, 2017, published vide G.S.R number 610
(E), dated the 19th June, 2017 and last amended vide notification
No.
15/2017-Central Tax, dated the 1st July, 2017, published vide G.S.R number 819
(E) dated the 1st July, 2017.
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