Central Tax Notifications

Title Seeks to make Second Amendment (2019) to CGST Rules.
Number 16/2019
Date 29-03-2019
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1) In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

1)

  1. These rules may be called the Central Goods and Services Tax (Second Amendment) Rules, 2019.
  2. Save as otherwise provided in these rules, they shall come into force on the date of their publication in the official gazette.

With effect from 1st April, 2019, in Rule in the said rules, as following rules shall be Inserted and substituted, namely

2) Rule 41 - Transfer of credit on sale, merger, amalgamation, lease or transfer of a business

3) Rule 42 - Manner of determination of input tax credit in respect of inputs or input services and reversal thereof

4) Rule 43 - Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases

5) Rule 88 - Order of utilization of input tax credit

6) Rule 100 - Assessment in certain cases

7) Rule 142 - Notice and order for demand of amounts payable under the Act

With effect from 1st April, 2019, in the said rules,following FORM GST DRC & ASMT shall be substituted, namely

8) FORM GST DRC -01

9) FORM GST DRC -02

10) FORM GST DRC -07

11) FORM GST DRC -08

12) FORM GST ASMT-13

13) FORM GST ASMT-15

14) FORM GST ASMT-16

2) This amount will be deposited under minor head "Other”.