Rule 120 CGST Rules 2017 : Details of goods sent on approval basis

By | July 13, 2017
(Last Updated On: July 6, 2018)

 Rule 120 CGST Rules 2017

Summary of Rule 120 CGST Rules 2017

( Rule 120 CGST Rules 2017 explains Details of goods sent on approval basis  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 120 CGST Rules 2017

Details of goods sent on approval basis

120. Every person having sent goods on approval under the existing law and to whom sub-section (12) of section 142 applies shall, within  1[the period specified in rule 117 or such further period as extended by the Commissioner], submit details of such goods sent on approval in FORM GST TRAN-1.


Notes on Amendments in Rule 120 CGST Rules 2017

1 Substituted for “ninety days of the appointed day” by the Central Goods and Services Tax (Eighth Amendment) Rules, 2017, w.e.f. 29-9-2017.

 Rule 120 CGST Rules 2017

Also refer CBIC Website Click here 

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2 thoughts on “Rule 120 CGST Rules 2017 : Details of goods sent on approval basis

  1. Pingback: TRAN 1 Due Date : Order No wise - Tax Heal

  2. Pingback: Various GST Returns Due Dates : Notification wise, Month wise & Form wise - Tax Heal

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