CBIC further amends the Central Goods and Services Tax Rules, 2017 to provide the schema for E-invoicing under GST
Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 02/2020 dated 1st January, 2020 to further amend the Central Goods and Services Tax (CGST) Rules, 2017.
Key Points of the Amendment are:
- Sub rule 1A of Rule 117 has been amended so as to provide extension of the date for submitting the declaration in FORM GST TRAN-1 till 31st March, 2020 instead of 31st December, 2019 in respect of registered persons who could not submit the said declaration by the due date on account of technical difficulties on the common portal and in respect of whom the Council has made a recommendation for such extension. Also, for such registered persons the time limit for filing the declaration in FORM GST TRAN-2 has been extended till 30th April 2020 instead of 31st January, 2020.
- In Part-B of Form REG-01 i.e. “Application of Registration” serial No 12 and 13 has been substituted.
- Form INV-01 has been substituted and also the scheme for generation of e-invoice has been provided. For details of the scheme on e -invoice please refer the attached document.
For further details please refer the attached document.