Central Board of Indirect Taxes and Customs has issued Notification No. 21/2018 dated 18th April, 2018 and has further amended the Central Goods and Services Tax Rules, 2017.
Key Highlights of the Amendment are –
- Final GST return in Form GSTR -10 has been prescribed.
- Refund calculation in relation to inverted duty structure as mentioned in Rule 89 has been amended.
- Provisions in relation to Consumer Welfare Funds mentioned in Rule 97 have been substituted.
- Form ITC – 03 required for declaration for Input Tax Credit reversal / payment of tax on inputs u/s 18(4) has been substituted.
- Form DRC – 07 which is a summary of the Order issued by the proper officer under demand and recovery has been substituted.
For further information please refer the attached document.
Source: Central Board of Indirect Taxes & Customs
