Notification No. 31/2019 – Central Tax Dated 28th June 2019 have introduced Central Goods and Services Tax (Fourth Amendment) Rules, 2019. This notification amends the Central Goods and Services tax Rules 2017. Following Rules have been amends or inserted:
Rule 10A : New Rule inserted : Furnishing of Bank Account Details
While taking the new registration, No Bank Detail is required to entered in GST Portal but portal demands Details of Bank Account After registration. For the purpose, Rule 10A is inserted.
Rule 10A. After a certificate of registration in FORM GST REG-06 has been made available on the common portal and a Goods and Services Tax Identification Number has been assigned, the registered person, except those who have been granted registration under rule 12 or, as the case may be rule 16, shall as soon as may be, but not later than forty five days from the date of grant of registration or the date on which the return required under section 39 is due to be furnished, whichever is earlier, furnish information with respect to details of bank account, or any other information, as may be required on the common portal in order to comply with any other provision”.
Consequences to fail furnishing of Bank account Details:
Rule 21(c)(d) have been inserted to provide ““(d) violates the provision of rule 10A.” i.e Ground of Cancelation of GST Registration.
Rule 32A: New Rule Inserted: Value of supply in cases where Kerala Flood Cess is applicable
The value of supply of goods or services or both on which Kerala Flood Cess is levied under clause 14 of the Kerala Finance Bill, 2019 shall be deemed to be the value determined in terms of section 15 of the Act, but shall not include the said cess.”. i.e. Where Kerala Flood Cess is levied, deemed to be the value as per Section 15 (Transaction Value) But shall not include Cess.
Rule 46 & 49 : Tax Invoice shall have QR Code (Effect from a date to be notified later)
Rule 46, After the fifth proviso & Rule 49 after the third proviso, the following proviso shall be inserted, namely:-
“Provided also that the Government may, by notification, on the recommendations of the Council, and subject to such conditions and restrictions as mentioned therein, specify that the tax invoice shall have Quick Response (QR) code.”.
Rule 66(2) Provision Related to TDS
Rule 66(2) after Amendment: The details furnished by the deductor under sub-rule (1) shall be made available electronically to each of the [deductees]* [suppliers in Part C of FORM GSTR-2A and FORM-GSTR-4A]** on the common portal after [the due date of ]** filing of FORM GSTR-7 [for claiming the amount of tax deducted in his electronic cash ledger after validation]*
This Amendment is done due to Non furnishing of Return GSTR 2A And GSTR 4A. To Claim TDS , Separate return is to be furnish after which TDS Credit shown in Cash Ledger.
Rule 67(2) Provision Related to TCS
Rule 66(2) after Amendment:The details furnished by the operator under sub-rule (1) shall be made available electronically to each of the suppliers [in Part C of FORM GSTR-2A]** on the common portal after [the due date of]** filing of FORM GSTR-8 [for claiming the amount of tax collected in his electronic cash ledger after validation]*.
This Amendment is done due to Non furnishing of Return GSTR 2A. To Claim TCS , Separate return is to be furnish after which TCS Credit shown in Cash Ledger.
* Inserted
* Omitted
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