Central Goods and Services Tax (Amendment) Rules, 2021

Jan 04, 2021 | by Avantis RegTech Legal Research Team

Loading audio.....

Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on January 01, 2021, has notified the Central Goods and Services Tax (Amendment) Rules, 2021 to further amend the Central Goods and Services Tax Rules, 2017.

A new sub-rule has been inserted in Rule 59(6) related to “Form and manner of furnishing details of outward supplies”, namely:-

“Notwithstanding anything contained in this Rule, 

(a) a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under Section 37 in FORM GSTR-1, if he has not furnished the return in FORM GSTR-3B for preceding two months; 

(b) a registered person, required to furnish return for every quarter under the proviso to sub-section (1) of section 39, shall not be allowed to furnish the details of outward supplies of goods or services or both under Section 37 in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the return in FORM GSTR-3B for preceding tax period; 

(c) a registered person, who is restricted from using the amount available in electronic credit ledger to discharge his liability towards tax in excess of ninety-nine per cent. of such tax liability under Rule 86B, shall not be allowed to furnish the details of outward supplies of goods or services or both under Section 37 in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the return in FORM GSTR-3B for preceding tax period.”.

[Notification No. 01/2021 – Central Tax]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.