Rule 120 of CGST Rules - Details of goods sent on approval basis

Rule 120 of CGST Rules - Details of goods sent on approval basis

(updated as on 15.11.2017)

Every person having sent goods on approvalunder the existing law and to whom sub-section (12) of section 142 applies shall, within [theperiod specified in rule 117 or such further period as extended by the Commissioner], (Substituted vide Notification 36/2017-Central Tax dt 29.09.2017 for ninety days of the appointed day )submit details of such goods sent on approval in FORM GST TRAN-1.

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CHAPTER XIV

TRANSITIONAL PROVISIONS

Chapter XIVof CGST Rules,2017 consists of six rules relating to Transitional provision rulesunder the GST regime. All this rules are available for your ready reference. Rule 117 :Tax or duty credit carried forward under any existing law or on goods held instock on the appointed day Rule 118 :Declaration to be made under clause (c) of sub-section (11) of section 142 Rule 119 :Declaration of stock held by a principal and job-worker Rule 120 :Details of goods sent on approval basis Rule 120A :Revision of declaration in FORM GST TRAN-1 Rule 121 :Recovery of credit wrongly availed

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