GST: CBEC releases draft rules for Returns, Refunds & their Formats

GST: CBEC releases draft rules for Returns, Refunds & their Formats: Central Board of Excise and Customs (CBEC) on Tuesday released two more set of draft rules on filing of returns and claiming refunds. Moving at fast paceto ensure timely roll out ofthe goods and services tax (GST). As per the rules for refund, every registered taxable person will be required to furnish a monthly return in specified form (GSTR-3). Further, every taxable person with an aggregate turnover of over 1 crore in a financial year would be expected to submit annually a duly certified audited statement. To Download Draft rules and formats click below links::

• Draft Return Rules
• Draft Return Formats
  • GSTR 9B
  • ITC Mismatch Report
• Draft Refund Rules
• Draft Refund Formats