Miscellaneous changes in GST vide amendment in the CGST Rules

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The CBIC vide Notification No. 16/2020- Central Tax dated March 23, 2020 has amended Central Goods and Services Tax Rules, 2017 (“CGST Rules”) in following manner:

  1. Rule 89 of the CGST Act- Application for refund of tax, interest, penalty, fees or any other amount

Amendment has been made for ceiling to fix for the value of the export supply for the purpose of calculation of refund on zero rated supplies.

Clause (C) of the sub-rule (4) shall be substituted as:

“(C) “Turnover of zero-rated supply of goods” means the value of zero-rated supply of goods made during the relevant period without payment of tax under bond or letter of undertaking or the value which is 1.5 times the value of like goods domestically supplied by the same or, similarly placed, supplier, as declared by the supplier, whichever is less, other than the turnover of supplies in respect of which refund is claimed under sub-rules (4A) or (4B) or both;”

  1. Rule 141 of the CGST Rules- Procedure in respect of seized goods

In sub-clause (2) of Rule 141 of the CGST Rules the word “Commissioner” is replaced by “proper officer”.

  1. In Form GST RFD-01, after the declaration under rule 89(2)(g), the following undertaking shall be inserted, namely: –

Read more at: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-16-central-tax-english-2020.pdf