As the Goods and Services Tax ( GST ) regime turns one year old on this July, the Central Government has notified the amended Central Goods and Services Tax (CGST) Rules, 2017 bringing a plethora of changes in the current rules including the GST Returns.
The notification amended the rules relating to refund on account of inverted duty structure, refund of input tax credit etc applicable from 1st July 2018.
It further provided that the persons who are applied for enrolled as the GST Practitioners shall pass the Exam within eighteen months instead of one year.
It also amended the Rules relating to the anti-profiteering authority.
Amendments were also made to returns FORM GSTR-4, FORM GST PCT-01 and FORM GST RFD-01 etc.