Provisions under Rule 120 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Details of goods sent on approval basis”, are as under:
CGST Rule 120 : Details of goods sent on approval basis (Chapter-XIV: Transitional Provisions)
Every person having sent goods on approval under the existing law and to whom sub-section (12) of section 142 applies shall, within ninety days of the appointed day the period specified in rule 117 or such further period as extended by the Commissioner [text substituted from 29/09/2017: refer Note 1], submit details of such goods sent on approval in FORM GST TRAN 1.
Amendments History:
1. The text ‘ninety days of the appointed day’ substituted with the text ‘the period specified in rule 117 or such further period as extended by the Commissioner’ from 29/09/2017 vide Notification 36/2017.
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| CGST Rules 2017: Last Updated 30/11/2023 |
| The CGST Rules 2017 along with the prescribed GST Forms were initially notified vide Notifications 3/2017 dated 19/06/2017 (Rule 1 to 26), 10/2017 dated 28/06/2017 (Rules 27 to 138) and 15/2017 dated 01/07/2017 (Rules 139 to 162). These Rules/ Forms were subsequently amended by CBIC through various Notifications issued from time to time. Information on this page is a Rule-wise compilation of the Amendments made by various Notifications issued by CBIC from time to time, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website. |
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