Rule 118 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Declaration to be made under Section 142(11)(c)
Provisions under Rule 118 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Declaration to be made under Section 142(11)(c)”, are as under:
CGST Rule 118: Declaration to be made under clause (c) of sub-section (11) of Section 142 (Chapter-XIV: Transitional Provisions)
Every person to whom the provision of clause (c) of sub-section (11) of section 142 applies, shall within [the period specified in rule 117 or such further period as extended by the Commissioner]$1, submit a declaration electronically in FORM GST TRAN-1 furnishing the proportion of supply on which Value Added Tax or service tax has been paid before the appointed day but the supply is made after the appointed day, and the Input Tax Credit admissible thereon.
$1. Substituted vide Notification No. 36/2017 Central Tax dt. 29 Sept. 2017 for the words “a period of ninety days of the appointed day”
Above information is based on Updated Compilation of “CGST Rules 2017” (as amended upto 10 Sept. 2018) shared by CBIC (i.e. as notified/ amended upto 10 Sept. 2018 by the CBIC). For detailed information/ subsequent updates, please refer relevant Notifications.
It may be noted that Rules 27 to 138 (pertaining to various Chapters) of the Central Goods and Services Tax (CGST) Rules, 2017 were initially notified by CBIC (CBEC) vide CGST (2nd Amendment) Rules, 2017 Notification No. 10/2017 Central Tax dt. 28 June 2017, applicable w.e.f. 1 July 2017 (or as may be specified in respective Rules).