TMI BlogCentral Goods and Services Tax (Fifth Amendment) Rules, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... ded, they shall come into force on the date of their publication in the Official Gazette. 2. In the Central Goods and Services Tax Rules, 2017 , - (i) in rule 37, in sub-rule (1) , after the proviso, the following proviso shall be inserted, namely:- Provided further that the value of supplies on account of any amount added in accordance with the provisions of clause (b) of sub-section (2) of section 15 shall be deemed to have been paid for the purposes of the second proviso to sub-section (2) of section 16 . ; (ii) in rule 83, in sub-rule (3) , in the second proviso, for the words one year , the words eighteen months shall be substituted; (iii) with effect from 01st July, 2017, in rule 89, for sub-rule (5) , the fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that a registered person has not passed on the benefit of the reduction in the rate of tax on the supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices, the Authority may order- (a) reduction in prices; (b) return to the recipient, an amount equivalent to the amount not passed on by way of commensurate reduction in prices along with interest at the rate of eighteen per cent. from the date of collection of the higher amount till the date of the return of such amount or recovery of the amount including interest not returned, as the case may be; (c) the deposit of an amount equivalent to fifty per cent. of the amount determined under the above clause in the Fund cons ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Declaration I hereby declare that: (i) I am a citizen of India; (ii) I am a person of sound mind; (iii) I have not been adjudicated as an insolvent; and (iv) I have not been convicted by a competent court. ; (x) in FORM GST RFD-01 , in Annexure-1, (a) for Statement 1A, the following Statement shall be substituted, namely:- Statement 1A [see rule 89(2)(h) ] Refund Type: ITC accumulated due to inverted tax structure [clause (ii) of first proviso to section 54(3) ] Sl. No. Details of invoices of inward supplies received Tax paid on inward supplies Details of invoices of outward supplies issued Tax paid on outw ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Integrated Tax Central Tax State Tax /Union Territory Tax Cess 1 2 3 4 5 6 7 8 9 ; (xi) in FORM GST RFD-01A , in Annexure-1, (a) for Statement 1A, the following Statement shall be substituted, namely:- Statement 1A [see rule 89(2)(h) ] Refund Type: ITC accumulated due to inverted tax structure [clause (ii) of first proviso to section 54(3) ] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd is claimed by recipient Tax paid GSTIN of the supplier No. Date Taxable Value Integrated Tax Central Tax State Tax /Union Territory Tax Cess 1 2 3 4 5 6 7 8 9 . [F. No. 349/58/2017 GST (Pt.)] (Dr. Sreeparvathy S.L.) Under Secretar ..... X X X X Extracts X X X X X X X X Extracts X X X X
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