Rule 118 CGST Rules 2017
Summary of Rule 118 CGST Rules 2017
( Rule 118 CGST Rules 2017 explains Declaration to be made under clause (c) of sub-section (11) of section 142 and is covered in Chapter XIV – Transitional Provisions : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017 Amended by Central Goods and Services Tax (Eighth Amendment) Rules, 2017)
Rule 118 CGST Rules 2017
Declaration to be made under clause (c) of sub-section (11) of section 142
118. Every person to whom the provision of clause (c) of sub-section (11) of section 142 applies, shall within 1[the period specified in rule 117 or such further period as extended by the Commissioner], submit a declaration electronically in FORM GST TRAN-1 furnishing the proportion of supply on which Value Added Tax or service tax has been paid before the appointed day but the supply is made after the appointed day, and the Input Tax Credit admissible thereon.
Notes on Amendments in Rule 118 CGST Rules 2017
1 Substituted for “a period of ninety days of the appointed day” by the Central Goods and Services Tax (Eighth Amendment) Rules, 2017, w.e.f. 29-9-2017.
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