Some of the major changes that has been inserted / amended (a high level summary)-
1- Table -6 of the GSTR-1 has now inserted with the additional columns of CGST & SGTS (earlier it was IGST because supplier to these Units has now been covered so that he can apply for refund for such supplies to export/ sez units,
2- FORM RFD-1 accordingly has been amended by inserting the words of "“Recipient of deemed export supplies/ Supplier of deemed export supplies"
3- To facilitate the refund in case of Inverted scenario (where output tax liability is less than the tax paid on inputs received) statement 1A has been added,
4- Declaration statement from recipient and suppliers in case of filing for refund has been inserted accordingly,
For reading text of the notification please refer link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-70-central-tax-english.pdf
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1- Table -6 of the GSTR-1 has now inserted with the additional columns of CGST & SGTS (earlier it was IGST because supplier to these Units has now been covered so that he can apply for refund for such supplies to export/ sez units,
2- FORM RFD-1 accordingly has been amended by inserting the words of "“Recipient of deemed export supplies/ Supplier of deemed export supplies"
3- To facilitate the refund in case of Inverted scenario (where output tax liability is less than the tax paid on inputs received) statement 1A has been added,
4- Declaration statement from recipient and suppliers in case of filing for refund has been inserted accordingly,
For reading text of the notification please refer link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-70-central-tax-english.pdf
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