9911796707
TMI BlogThe Karnataka Goods and Services Tax (Second Amendment) Rules, 2017.X X X X Extracts X X X X X X X X Extracts X X X X ..... e recommendations of the council the Government of Karnataka hereby makes the following rules further to amend the Karnataka Goods and Services Tax Rules, 2017, namely:- RULES 1. Title and commencement.- (1) These Rules may be called the Karnataka Goods and Services Tax (Second Amendment) Rules, 2017. (2) Save as otherwise provided, they shall come into force from the date of their publication ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . (2) The rate of exchange for determination of value of taxable services shall be the applicable rate of exchange determined as per the generally accepted accounting principles for the date of time of supply of such services in terms of section 13." 4. Amendment of rule 44.- In rule 44 of the said rules, for sub-rule (2), the following shall be substituted with effect from 1st July, 2017, namel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... namely,- (i) name and address of the recipient; (ii) address of delivery; and (iii) name of the country of destination." 5. Amendment of rule 61.- In rule 61 of the said rules, for sub-rule (5), the following sub-rules shall be substituted with effect from 1st July, 2017, namely.- "(5) Where the time limit for furnishing of details in FORM GSTR-1 under section 37 and in FORM GSTR-2 under sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rn in FORM GSTR-3 based on the discrepancies, if any, between the return in FORM GSTR-3B and the return in FORM GSTR-3 and discharge his tax and other liabilities, if any; (c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount of input tax credit in terms of FORM GSTR-3B, the additional amount shall be credited to the electronic credit ledger of the registered person." 6. Ame ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
