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TMI BlogTamil Nadu Goods and Services Tax (Third Amendment) Rules, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... hese rules, they shall come into force on the date of their publication in the Official Gazette. 2. In the Tamil Nadu Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in rule 8, after sub-rule (4), with effect from 23.03.2020, the following sub-rule shall be inserted, namely:- "(4A) The applicant shall, while submitting an application under sub-rule (4), with effect from 01.04.2020, undergo authentication of Aadhaar number for grant of registration.". 3. In the said rules, in rule 9, in sub-rule (1), with effect from 01.04.2020, the following sub-rule shall be inserted, namely:- "Provided that where a person, other than those notified under sub-section (6D) of section 25, fails to undergo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redit directly to the electronic credit ledger and the validity of the useful life of such goods shall extend upto five years from the date of the invoice for such goods: Provided that where any capital goods earlier covered under clause (a) is subsequently covered under this clause, input tax in respect of such capital goods denoted as 'A' shall be credited to the electronic credit ledger subject to the condition that the ineligible credit attributable to the period during which such capital goods were covered by clause (a),denoted as 'Tie', shall be calculated at the rate of five percentage points for every quarter or part thereof and added to the output tax liability of the tax period in which such credit is claimed: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Provided that every registered person whose aggregate turnover during the financial year 2018-2019 exceeds five crore rupees shall get his accounts audited as specified under subsection (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the financial year 20182019, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner.". 7. In the said rules, in rule 86, after sub-rule (4), with effect from 23.03.2020, the following sub-rule shall be inserted, namely:- "(4A) Where a registered person has claimed refund of any amount paid as tax wrongly paid or paid in excess for which debit h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentioning therein the amount adjusted against any outstanding demand under the Act or under any existing law and the balance amount refundable and for the remaining amount which has been debited from the electronic credit ledger for making payment of such tax, the proper officer shall issue FORM GST PMT-03 re-crediting the said amount as Input Tax Credit in electronic credit ledger." , (b) in sub-rule (4), after the words, brackets and figure "amount refundable under sub-rule (1)" , the words, brackets, figure and letter "or sub-rule (1A)" , shall be inserted; (c) in sub-rule (5), after the words, brackets and figure "amount refundable under sub-rule (1)", the words, figures and letter "or sub-r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be recovered in accordance with the provisions of section 73 or 74 of the Act, as the case may be, as is applicable for recovery of erroneous refund, along with interest under section 50: Provided that where sale proceeds, or any part thereof, in respect of such export goods are not realised by the applicant within the period allowed under the Foreign Exchange Management Act, 1999 (42 of 1999), but the Reserve Bank of India writes off the requirement of realisation of sale proceeds on merits, the refund paid to the applicant shall not be recovered. (2) Where the sale proceeds are realised by the applicant, in full or part, after the amount of refund has been recovered from him under sub-rule (1) and the applicant produces evidence abou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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