CGST Notification No. 17/2017-Central Tax dated 27.07.17

Seeks to amend the CGST Rules, 2017.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUBSECTION (i)]

Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs

Notification No. 17/2017 Central Tax

New Delhi, the 27th July, 2017

G.S.R. ( )E.:- In exercise of the powers conferred by section 164 of the Central Goods and ServicesTax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further toamend the Central Goods and Services Tax Rules, 2017, namely:-

(1) These rules may be called the Central Goods and Services Tax (Fourth Amendment)Rules, 2017.

(2) Save as otherwise provided, they shall come into force on the date of publication in theOfficial Gazette.

2. In the Central Goods and Services Tax Rules, 2017,

(i) in rule 24, with effect from 22nd July, 2017, in sub-rule (4), for the words within a periodof thirty days from the appointed day, the words and figures on or before 30th September,2017 shall be substituted;

(ii) for rule 34, the following shall be substituted, namely:-

34. Rate of exchange of currency, other than Indian rupees, for determinationof value.-

(1) The rate of exchange for determination of value of taxable goods shallbe the applicable rate of exchange as notified by the Board under section 14 of theCustoms Act, 1962 for the date of time of supply of such goods in terms of section 12of the Act.

(2) The rate of exchange for determination of value of taxable services shall be theapplicable rate of exchange determined as per the generally accepted accountingprinciples for the date of time of supply of such services in terms of section 13 of theAct.;

(iii) in rule 44, with effect from 1st July, 2017, for sub-rules (2) and (3), the following shall be
substituted, namely:-

(2) The amount, as specified in sub-rule (1) shall be determined separately for input
tax credit of central tax, State tax, Union territory tax and integrated tax.

(3) Where the tax invoices related to the inputs held in stock are not available, the
registered person shall estimate the amount under sub-rule (1) based on the prevailing
market price of the goods on the effective date of the occurrence of any of the events specified in sub-section (4) of section 18 or, as the case may be, sub-section (5) of
section 29.;

(iv) in rule 46, for the third proviso, the following proviso shall be substituted, namely:-

Provided also that in the case of the export of goods or services, the invoiceshall carry an endorsement SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZUNIT OR SEZ DEVELOPER FOR AUTHORIZED OPERATIONS ON PAYMENTOF INTEGRATED TAX or SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZUNIT OR SEZ DEVELOPER FOR AUTHORIZED OPERATIONS UNDER BONDOR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED
TAX, as the case may be, and shall, in lieu of the details specified in clause (e),contain the following details, namely,-

(i) name and address of the recipient;
(ii) address of delivery; and
(iii) name of the country of destination:;

(v) in rule 61, with effect from 1st July, 2017, for sub-rule (5), the following sub-rulesshall be substituted, namely:-

(5) Where the time limit for furnishing of details in FORM GSTR-1 undersection 37 and in FORM GSTR-2 under section 38 has been extended and thecircumstances so warrant, the Commissioner may, by notification, specify thatreturn shall be furnished in FORM GSTR-3B electronically through the commonportal, either directly or through a Facilitation Centre notified by theCommissioner.

(6) Where a return in FORM GSTR-3B has been furnished, after the due date forfurnishing of details in FORM GSTR-2

(a) Part A of the return in FORM GSTR-3 shall be electronically generated onthe basis of information furnished through FORM GSTR-1, FORM GSTR-2and based on other liabilities of preceding tax periods and PART B of the saidreturn shall be electronically generated on the basis of the return in FORMGSTR-3B furnished in respect of the tax period;

(b) the registered person shall modify Part B of the return in FORM GSTR-3based on the discrepancies, if any, between the return in FORM GSTR-3B andthe return in FORM GSTR-3 and discharge his tax and other liabilities, if any;

(c) where the amount of input tax credit in FORM GSTR-3 exceeds the amountof input tax credit in terms of FORM GSTR-3B, the additional amount shall becredited to the electronic credit ledger of the registered person.;

(vi) in rule 83, with effect from 1st July, 2017, in sub-rule (3), in the second proviso, forthe word sub-section, the word sub-rule shall be substituted;

(vii) in rule 89, with effect from 1st July, 2017, in sub-rule (4), in clause (E), for the wordsub-section, the word clause shall be substituted;

(viii) in FORM GST TRAN-1, with effect from 1st July, 2017, in Sl. No. 7, in Table (a),for the heading of column (2), the heading HSN as applicable shall be substituted;

(ix) in FORM GST TRAN-2, with effect from 1st July, 2017, in Sl. No. 4 and 5, in theTable, for the heading of column (1), the heading HSN as applicable shall be substituted.

[F. No. 349/58/2017-GST]

(Dr. Sreeparvathy S.L.)
Under Secretary to the Government of India

Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II,Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June,2017, published vide G.S.R number 610 (E), dated the 19th June, 2017 and last amended videnotification No. 15/2017-Central Tax, dated the 1st July, 2017, published vide G.S.R number819 (E) dated the 1st July, 2017.

You may also like:

• Download the official notification no. 17/2017 Central Tax dated 27.07.2017