The Government of Punjab vide notification dated 09 May, 2023 has introduced following amendments to GST Rules:
- The form GST RFD-01 & GSTR 9C are revised through Punjab Goods and Services Tax (Amendment) Rules, 2023. It is mandatory to file all FORM GSTR-1 and FORM GSTR-3B for the financial year for which the return is being filed for before filing this return and for FY 2017-18, the details for the period between July 2017 to March 2018 are to be provided in this return.
- The form GST PMT 03, GST PMT 06, GST PMT 09 & GST PMT 07 are revised through Punjab Goods and Services Tax (Second Amendment) Rules,
- The Punjab Goods and Services Tax (Third Amendment) Rules, 2023 provides that a registered person, who has availed of the input tax credit on an inward supply of goods or services or both, other than the supplies on which tax is payable on a reverse charge basis, but fails to pay to the supplier thereof the amount towards the value of such supply along with the tax payable thereon within the time limit shall pay an amount equal to the input tax credit availed I respect of such supply along with interest payable thereon under section 50 while furnishing the return in FORM GSTR- 3B for the tax period immediately following the period of one hundred and eighty days from the date of the issue of the invoice.
- The form GSTR 9 is revised through Punjab Goods and Services Tax (Fourth Amendment) Rules, 2023.
- The Punjab Goods and Services Tax (Fifth Amendment) Rules, 2023 clarifies that the authorities shall determine whether any reduction in the rate of tax on any supply of goods or services or the benefit of the input tax credit has been passed on to the recipient by way of commensurate reduction in prices.
- The form GST REG 19, GST APL 01, GST DRC 01 is revised through Punjab Goods and Services Tax (Sixth Amendment) Rules, 2023.
