CBEC’s GST Rules (Final/ Revised Draft)
A. Final GST Rules as Approved in Meeting of GST Council dt. 18 May 2017
The GST Council, in it’s meeting held at Srinagar on 18 May 2017, has approved Final GST Rules (based on Revised Draft prepared by the CBEC) relating to Composition, Valuation, Input Tax Credit, Tax Invoice, Credit/ Debit Notes, Tax Payment, Refund and Registration. However, GST Rules relating to Returns and Transitional Provisions, are being reviewed.
B. CBEC’s Revised Draft GST Rules (dt. 31 Mar. 2017)
CBEC has issued revised draft GST Rules (dt. 31 Mar. 2017) relating to Composition, Valuation, Transitional Provisions, Input Tax Credit, Invoice, Tax Payment, Refund and Registration, for comments/ feedback from stakeholders.
|Revised Draft GST Rules (31 Mar. 2017)|
|GST Return Rules (Draft)|
|GST Transition Rules (Draft)|
ICAI’s Comments/ Suggestions on Draft GST Rules
The ICAI has submitted comments/ suggestions on the CBEC’s Draft GST Rules relating to Composition, Input Tax Credit, Determination of Value of Supply, Transitional Provisions, Registration, Tax Invoice, Debit & Credit Notes, Refund, Accounts & Records, Appeals & Revision, E-way Bill, Return, Advance Ruling, Assessment & Audit, etc., as under: