Central Goods and Services Tax (Fourth Amendment) Rules, 2019 are notified by CBIC

The Central Board of Indirect Taxes and Customs has notified Central Goods and Services Tax (Fourth Amendment) Rules, 2019, on June 28, 2019, to amend the Central Goods and Services Tax Rules, 2017.

Following are the amendments made in the Central Goods and Services Tax Rules, 2017:

1. The amendment seeks to insert a new regulation i.e. Regulation 10A which require every registered person to furnish his bank account details or any other detail as may be prescribed within 45 days from the date of grant of registration certificate in Form GST REG-6 and if such person fails to furnish such details his registration will be liable to be cancelled.
2. The amendment provides that the value of intra-state supply of goods and services in the State of Kerala will not include Kerala Flood Cess.
3. The amendment introduces Quick Response (QR) Code to facility on tax invoices and on bill of supply with such conditions and restrictions as the Government may notify.
4. The amendment introduces a new facility on common portal to transfer any amount of tax, interest, penalty, fee etc. from electronic cash ledger to electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess by using Form GST PMT-09.
5. A new Regulation 95A has been inserted to provide refund of taxes to the retail outlets established in departure area of an international Airport beyond immigration counters.
6. Form GST REG-7 and GST REG-12 along with Performa in order to furnish details of Bank Account.
7. The Form GSTR 4 and FORM GST DRC-3 has been substituted by new Form GST PMT-9 and FORM GST RFD-10B respectively.

These amendments are effective from the date of their publication in the official gazette.

To read the full notification Click here