Refund of GST : Rule 95(3)(a) of CGST Rules Changed w.e.f 01.07.2017

By | June 14, 2018
Print Friendly, PDF & Email
(Last Updated On: June 14, 2018)

Rule 89(5) GST Refund Formula Changed w.e.f 01.07.2017

Rule 95 of CGST Rules 2017 explain Refund of tax to certain persons i.e Any person eligible to claim refund of tax paid by him on his inward supplies as per notification issued under section 55 of CGST Act 2017

Rule 95 (3) of CGST Rules 2017 says

(3) The refund of tax paid by the applicant shall be available if—

(a)the inward supplies of goods or services or both were received from a registered person against a tax invoice [ *** ];

Note:  Words “and the price of the supply covered under a single tax invoice exceeds five thousand rupees, excluding tax paid, if any” omitted by the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2017, w.e.f. 29-12-2017.

As per  Notification No 26/2018 Central Tax Dated 13.06.2018 : CGST (Fifth Amendment) Rules 2018

with effect from 01st July, 2017, in rule 95, in sub-rule (3), for clause (a), the following shall be substituted, namely:-

“(a) the inward supplies of goods or services or both were received from a registered person against a tax invoice;”;

Comment  Thus Rule 95(3)(a) of CGST Rules  is Changed w.e.f 01.07.2017 and not w.e.f 29.12.2017

 

Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source

6 thoughts on “Refund of GST : Rule 95(3)(a) of CGST Rules Changed w.e.f 01.07.2017

  1. Pingback: New GST News and Circular 18.06.2018 - Tax Heal

  2. Pingback: New GST Notification Issued and News 20.06.2018 - Tax Heal

  3. Pingback: Updated GST Rules and New GST News 21.06.2018 - Tax Heal

  4. Pingback: Next GST Council Meeting date and New GST News 23.06.2018 - Tax Heal

  5. Pingback: New GST News 26.06.2018 - Tax Heal

  6. Pingback: New GST News 29.06.2018 - Tax Heal

Leave a Reply

Your email address will not be published. Required fields are marked *