Central Board of Excise and Customs has amended the Central Goods and Services Tax Rules, 2017 for fast processing of refunds for Exporters
Central Board of Excise and Customs (CBEC) vide Notification No 51/2017-Central Tax dated 28/10/2017 has further amended the Central Goods and Services Tax Rules, 2017.
Key Highlights of the Amendment are –
- Every person registered under previous indirect tax regime , who is not liable to be registered under the GST Act may, on or before 31st December, 2017, at his option, submit an application electronically in FORM GST REG-29 at the common portal for the cancellation of registration granted to him.
- Where the date for furnishing the details of outward supplies in FORM GSTR-1 for a tax period has been extended, the supplier shall furnish the information relating to exports of goods or export of goods or services under bond or Letter of Undertaking in Table 6A of FORM GSTR-1 after the return in FORM GSTR-3B has been furnished and the same shall be transmitted electronically by the common portal to the system designated by the Customs
- The information in Table 6A furnished as stated above shall be auto-drafted in FORM GSTR-1 for the said tax period