Brief about the changes and Author's notes:
## Migration from old system/New registration- can apply composition scheme with effect from 01 October 2017 by filing an intimation under FORM GST CMP-02 - BUT BEFORE THE SAID DATE
## The declaration of stock also to be sent to the department within 90 days but if a person opts this then TRAN-1 IS NOT ALLOWED TO SUBMIT,
## Rule 120 A added- which states that TRAN-1 submitted CAN BE REVISED AT ONCE ONLY,
## Rule 122 deals in authority for anti- profiteering which now amended stating that the commissioner of states tax or central should have atleast ONE YEAR Experience,
## Rule 124 has been amended in relation to salaries of of technical members etc
## Rule 127 - a clause stating " to furnish a performance report to the Council by the tenth of the close of each quarter" relating to ANTI profiteering added,
## CERTAIN EXCEPTION TO THE E-WAY BILL HAS BEEN ADDED-
** Principle sending goods to job worker in different states will have to use e-way bill irrespective of amount
** Handicraft moving from one state to another would have e-way bill irrespective of amount,
## Certain amendments have been made in TRAN-1 form,
## In the principal rules, with effect from the 30th day of August, 2017, in the Notes to “FORM GST EWB-01”, after Note 4, the following Note shall be inserted, namely:
“5. The details of bill of entry shall be entered in place of invoice where the consignment pertains to an import.”
For reading full text of the notification please refer the link- http://www.cbec.gov.in/resources//htdocs-cbec/gst/34_2017-CT_Eng.pdf
## Migration from old system/New registration- can apply composition scheme with effect from 01 October 2017 by filing an intimation under FORM GST CMP-02 - BUT BEFORE THE SAID DATE
## The declaration of stock also to be sent to the department within 90 days but if a person opts this then TRAN-1 IS NOT ALLOWED TO SUBMIT,
## Rule 120 A added- which states that TRAN-1 submitted CAN BE REVISED AT ONCE ONLY,
## Rule 122 deals in authority for anti- profiteering which now amended stating that the commissioner of states tax or central should have atleast ONE YEAR Experience,
## Rule 124 has been amended in relation to salaries of of technical members etc
## Rule 127 - a clause stating " to furnish a performance report to the Council by the tenth of the close of each quarter" relating to ANTI profiteering added,
## CERTAIN EXCEPTION TO THE E-WAY BILL HAS BEEN ADDED-
** Principle sending goods to job worker in different states will have to use e-way bill irrespective of amount
** Handicraft moving from one state to another would have e-way bill irrespective of amount,
## Certain amendments have been made in TRAN-1 form,
## In the principal rules, with effect from the 30th day of August, 2017, in the Notes to “FORM GST EWB-01”, after Note 4, the following Note shall be inserted, namely:
“5. The details of bill of entry shall be entered in place of invoice where the consignment pertains to an import.”
For reading full text of the notification please refer the link- http://www.cbec.gov.in/resources//htdocs-cbec/gst/34_2017-CT_Eng.pdf
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