CBIC notifies the CGST (4th Amendment) Rules, 2020, to amend CGST Rules 3 and 36, to provide for opting Composition Scheme upto 30/06/2020 in respect of FY 2020-21.
CBIC Central Tax Notification 30/2020 dt. 03/04/2020: CGST (4th Amendment) Rules, 2020
G.S.R. 230(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, 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 (Fourth Amendment) Rules, 2020.
(2) Save as otherwise provided, 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 (hereinafter referred to as the said rules), with effect from 31/03/2020, in sub-rule (3) of rule 3, the following proviso shall be inserted, namely:-
Provided that any registered person who opts to pay tax under section 10 for the financial year 2020-21 shall electronically file an intimation in FORM GST CMP 02, duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, on or before 30/06/2020 and shall furnish the statement in FORM GST ITC 03 in accordance with the provisions of sub-rule (4) of rule 44 upto 31/07/2020.
3. In the said rules, in sub-rule (4) of rule 36, the following proviso shall be inserted, namely:-
Provided that the said condition shall apply cumulatively for the period February, March, April, May, June, July and August, 2020 and the return in FORM GSTR 3B for the tax period September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017 Central Tax, dated 19/06/2017, published vide number G.S.R. 610(E), dated 19/06/2017 and last amended vide notification No. 16/2020 Central Tax, dated 23/03/2020 published vide number G.S.R. 199(E), dated 23/03/2020.
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