[TobepublishedintheGazetteofIndia,Extraordinary,PartII,Section3,Sub-section(i)]

GovernmentofIndiaMinistryofFinanceDepartmentofRevenue

CentralBoardofIndirectTaxesandCustomsNotificationNo.21/2018–CentralTax

NewDelhi,the18thApril,2018

G.S.R……(E).-Inexerciseofthepowersconferredbysection164oftheCentralGoodsandServicesTaxAct,2017(12of2017),theCentralGovernmentherebymakesthefollowingrulesfurthertoamendtheCentralGoodsandServicesTaxRules,2017,namely:-

(1)TheserulesmaybecalledtheCentralGoodsandServicesTax(FourthAmendment)Rules,2018.

(2)Saveasotherwiseprovided,theyshallcomeintoforceonthedateoftheirpublicationintheOfficialGazette.

2.IntheCentralGoodsandServicesTaxRules,2017,-

(i)inrule89,forsub-rule(5),thefollowingshallbesubstituted,namely:-

“(5).Inthecaseofrefundonaccountofinverteddutystructure,refundofinputtaxcreditshallbegrantedasperthefollowingformula:-

MaximumRefundAmount={(Turnoverofinvertedratedsupplyofgoodsandservices)xNetITC÷AdjustedTotalTurnover}-taxpayableonsuchinvertedratedsupplyofgoodsandservices.

Explanation:-Forthepurposesofthissub-rule,theexpressions–

(a)“NetITC”shallmeaninputtaxcreditavailedoninputsduringtherelevantperiodotherthantheinputtaxcreditavailedforwhichrefundisclaimedundersub-rules(4A)or(4B)orboth;and

(b)“AdjustedTotalturnover”shallhavethesamemeaningasassignedtoitinsub-rule(4).”;

(ii)forrule97,thefollowingruleshallbesubstituted,namely:-

“97. ConsumerWelfareFund.-(1)Allamountsofduty/centraltax/integratedtax

/Unionterritorytax/cessandincomefrominvestmentalongwithothermoniesspecifiedinsub-section(2)ofsection12CoftheCentralExciseAct,1944(1of1944),section57oftheCentralGoodsandServicesTaxAct,2017(12of2017)readwithsection20oftheIntegratedGoodsandServicesTaxAct,2017(13of2017),section21oftheUnionTerritoryGoodsandServicesTaxAct,2017(14of2017)and

section12oftheGoodsandServicesTax(CompensationtoStates)Act,2017(15of2017)shallbecreditedtotheFund:

Providedthatanamountequivalenttofiftypercent.oftheamountofintegratedtaxdeterminedundersub-section(5)ofsection54oftheCentralGoodsandServicesTaxAct,2017,readwithsection20oftheIntegratedGoodsandServicesTaxAct,2017,shallbedepositedintheFund.

(2)Whereanyamount,havingbeencreditedtotheFund,isorderedordirectedtobepaidtoanyclaimantbytheproperofficer,appellateauthorityorcourt,thesameshallbepaidfromtheFund.

(3)AccountsoftheFundmaintainedbytheCentralGovernmentshallbesubjecttoauditbytheComptrollerandAuditorGeneralofIndia.

(4)TheGovernmentshall,byanorder,constituteaStandingCommittee(hereinafterreferredtoasthe„Committee‟)withaChairman,aVice-Chairman,aMemberSecretaryandsuchothermembersasitmaydeemfitandtheCommitteeshallmakerecommendationsforproperutilisationofthemoneycreditedtotheFundforwelfareoftheconsumers.

(5)(a)TheCommitteeshallmeetasandwhennecessary,generallyfourtimesinayear;

(b)theCommitteeshallmeetatsuchtimeandplaceastheChairman,orinhisabsence,theVice-ChairmanoftheCommitteemaydeemfit;

(c)themeetingoftheCommitteeshallbepresidedoverbytheChairman,orinhisabsence,bytheVice-Chairman;

(d)themeetingoftheCommitteeshallbecalled,aftergivingatleasttendays‟noticeinwritingtoeverymember;

(e)thenoticeofthemeetingoftheCommitteeshallspecifytheplace,dateandhourofthemeetingandshallcontainstatementofbusinesstobetransactedthereat;

(f)noproceedingoftheCommitteeshallbevalid,unlessitispresidedoverbytheChairmanorVice-Chairmanandattendedbyaminimumofthreeothermembers.

(6)TheCommitteeshallhavepowers-

(a)torequireanyapplicanttogetregisteredwithanyauthorityastheCentralGovernmentmayspecify;

(b)torequireanyapplicanttoproducebeforeit,orbeforeadulyauthorisedofficeroftheCentralGovernmentortheStateGovernment,asthecasemaybe,suchbooks,accounts,documents,instruments,orcommoditiesincustodyandcontroloftheapplicant,asmaybenecessaryforproperevaluationoftheapplication;

(c)torequireanyapplicanttoallowentryandinspectionofanypremises,fromwhichactivitiesclaimedtobeforthewelfareofconsumersarestatedtobe

carriedon,toadulyauthorisedofficeroftheCentralGovernmentortheStateGovernment,asthecasemaybe;

(d)togettheaccountsoftheapplicantsaudited,forensuringproperutilisationofthegrant;

(e)torequireanyapplicant,incaseofanydefault,orsuppressionofmaterial

informationonhispart,torefundinlump-sumalongwithaccruedinterest,thesanctionedgranttotheCommittee,andtobesubjecttoprosecutionundertheAct;

(f)torecoveranysumduefromanyapplicantinaccordancewiththeprovisionsoftheAct;

(g)torequireanyapplicant,orclassofapplicantstosubmitaperiodicalreport,indicatingproperutilisationofthegrant;

(h)torejectanapplicationplacedbeforeitonaccountoffactualinconsistency,or

inaccuracyinmaterialparticulars;

(i)torecommendminimumfinancialassistance,bywayofgranttoanapplicant,havingregardtohisfinancialstatus,andimportanceandutilityofthenatureofactivityunderpursuit,afterensuringthatthefinancialassistanceprovidedshallnotbemisutilised;

(j)toidentifybeneficialandsafesectors,whereinvestmentsoutofFundmaybemade,andmakerecommendations,accordingly;

(k)torelaxtheconditionsrequiredfortheperiodofengagementinconsumer

welfareactivitiesofanapplicant;

(l)tomakeguidelinesforthemanagement,andadministrationoftheFund.

(7)TheCommitteeshallnotconsideranapplication,unlessithasbeeninquiredinto,inmaterialdetailsandrecommendedforconsiderationaccordingly,bytheMemberSecretary.

(8)TheCommitteeshallmakerecommendations:-

(a)formakingavailablegrantstoanyapplicant;

(b)forinvestmentofthemoneyavailableintheFund;

(c)formakingavailablegrants(onselectivebasis)forreimbursinglegalexpensesincurredbyacomplainant,orclassofcomplainantsinaconsumerdispute,afteritsfinaladjudication;

(d)formakingavailablegrantsforanyotherpurposerecommendedbytheCentralConsumerProtectionCouncil(asmaybeconsideredappropriatebytheCommittee);

(e)formakingavailableupto50%ofthefundscreditedtotheFundeachyear,forpublicity/consumerawarenessonGST,providedtheavailabilityoffundsforconsumerwelfareactivitiesoftheDepartmentofConsumerAffairsisnotlessthantwentyfivecrorerupeesperannum.

Explanation.-Forthepurposesofthisrule,

(a)'Act'meanstheCentralGoodsandServicesTaxAct,2017(12of2017),ortheCentralExciseAct,1944(1of1944)asthecasemaybe;

(b)'applicant'means,

(i)theCentralGovernmentorStateGovernment;

(ii)regulatoryauthoritiesorautonomousbodiesconstitutedunderanActofParliamentortheLegislatureofaStateorUnionTerritory;

(iii)anyagencyororganizationengagedinconsumerwelfareactivitiesforaminimumperiodofthreeyears,registeredundertheCompaniesAct,2013(18of2013)orunderanyotherlawforthetimebeinginforce;

(iv)villageormandalorsamitiorsamitilevelco-operativesofconsumersespeciallyWomen,ScheduledCastesandScheduledTribes;

(v)aneducationalorresearchinstitutionincorporatedbyanActofParliamentortheLegislatureofaStateorUnionTerritoryinIndiaorothereducationalinstitutionsestablishedbyanActofParliamentordeclaredtobedeemedasaUniversityundersection3oftheUniversityGrantsCommissionAct,1956(3of1956)andwhichhasconsumersstudiesaspartofitscurriculumforaminimumperiodofthreeyears;and

(vi)acomplainantasdefinedunderclause(b)ofsub-section(1)ofsection2oftheConsumerProtectionAct,1986(68of1986),whoappliesforreimbursementoflegalexpensesincurredbyhiminacaseinstitutedbyhiminaconsumerdisputeredressalagency.

(c)'application'meansanapplicationintheformasspecifiedbytheStandingCommitteefromtimetotime;

(d)'CentralConsumerProtectionCouncil'meanstheCentralConsumerProtectionCouncil,establishedundersub-section(1)ofsection4oftheConsumerProtectionAct,1986(68of1986),forpromotionandprotectionofrightsofconsumers;

(e)'Committee'meanstheCommitteeconstitutedundersub-rule(4);

(f)'consumer'hasthesamemeaningasassignedtoitinclause(d)ofsub-section(1)ofsection2oftheConsumerProtectionAct,1986(68of1986),andincludesconsumerofgoodsonwhichcentraltaxhasbeenpaid;

(g)„duty‟meansthedutypaidundertheCentralExciseAct,1944(1of1944)ortheCustomsAct,1962(52of1962);

(h)„Fund‟meanstheConsumerWelfareFundestablishedbytheCentralGovernmentundersub-section(1)ofsection12CoftheCentralExciseAct,1944(1of1944)andsection57oftheCentralGoodsandServicesTaxAct,2017(12of2017);

(i)'properofficer'meanstheofficerhavingthepowerundertheActtomakeanorderthatthewholeoranypartofthecentraltaxisrefundable;

(iii)inFORMGSTITC-03,afterentry5(e),fortheinstructionagainst“**”,thefollowingshallbesubstituted,namely:-

“**Thevalueofcapitalgoodsshallbetheinvoicevaluereducedby1/60thpermonthorpartthereoffromthedateofinvoice”;

(iv)afterFORMGSTR-8,thefollowingFORMshallbeinserted,namely:-

“FORMGSTR-10

(Seerule81)

FinalReturn

1. / GSTIN
2. / Legalname
3. / TradeName,ifany
4. / Addressforfuturecorrespondence
5. / Effectivedateof cancellationofregistration
(Dateofclosureofbusinessorthedatefromwhichregistrationistobecancelled)
6. / Referencenumberofcancellationorder
7. / Dateofcancellationorder

8.Detailsofinputsheldinstock,inputscontainedinsemi-finishedorfinishedgoodsheldinstock,andcapitalgoods/plantandmachineryonwhichinputtaxcreditisrequiredtobereversedandpaidbacktoGovernment

S
r.N
o. / GSTIN / Invoic
e/BillofEntry / Descriptio
nofinputsheldinstock,inputscontainedinsemi-finishedorfinishedgoodsheldinstockandcapitalgoods
/plantandmachinery / Unit
Quantity
Code(UQC) / Qty / Value
(Asadjustedbydebit/creditnote) / Inputtaxcredit/
Taxpayable(whicheverishigher)(Rs.)
N
o. / D
ate / Central
tax / State/
Unionterritorytax / Integrated
tax / Ces
s
1 / 2 / 3 / 4 / 5 / 6 / 7 / 8 / 9 / 10 / 11 / 12
8(a)Inputsheldinstock(whereinvoiceisavailable)
8(b)Inputscontainedinsemi-finishedorfinishedgoodsheldinstock(whereinvoiceis
available)
8(c)Capitalgoods/plantandmachineryheldinstock
8(d) Inputsheldinstockorinputsascontainedinsemi-finished/finishedgoodsheldin
stock(whereinvoiceisnotavailable)

9.Amountoftaxpayableandpaid(basedonTable8)

Sr.
No
. / Description / ITC
reversible/Taxpayable / Taxpaid
alongwithapplicationforcancellationofregistration (GSTREG-16) / Balanc
etaxpayable(3-4) / Amoun
tpaidthroughdebittoelectroniccashledger / Amountpaidthroughdebitto
electroniccreditledger
Centr
alTax / State/
UnionterritoryTax / Integrate
dTax / Ces
s
1 / 2 / 3 / 4 / 5 / 6 / 7 / 8 / 9 / 10
1. / Central
Tax
2. / State/
UnionterritoryTax
3. / Integrate
dTax
4. / Cess

10.Interest,latefeepayableandpaid

Description / Amountpayable / AmountPaid
1 / 2 / 3
(I)Interestonaccountof
(a)IntegratedTax
(b)CentralTax
(c)State/UnionterritoryTax
(d) Cess
(II) Latefee
(a)CentralTax
(b)State/Unionterritorytax

11.Verification

Iherebysolemnlyaffirmanddeclarethattheinformationgivenhereinaboveistrueandcorrecttothebestofmyknowledgeandbeliefandnothinghasbeenconcealedtherefrom.

Signatureofauthorizedsignatory

Name

Designation/Status

Instructions:

Date-dd/mm/yyyy

1.Thisformisnotrequiredtobefiledbytaxpayersorpersonswhoareregisteredas:-

(i)InputServiceDistributors;

(ii)Personspayingtaxundersection10;

(iii)Non-residenttaxableperson;

(iv)Personsrequiredtodeducttaxatsourceundersection51;and

(v)Personsrequiredtocollecttaxatsourceundersection52.

2.Detailsofstockofinputs,inputscontainedinsemi-finishedorfinishedgoodsandstockofcapitalgoods/plantandmachineryonwhichinputtaxcredithasbeenavailed.

3.FollowingpointsneedtobetakencareofwhileprovidingdetailsofstockatSl.No.8:

(i)wherethetaxinvoicesrelatedtotheinputsheldinstockorinputscontainedinsemi-finishedorfinishedgoodsheldinstockarenotavailable,theregisteredpersonshallestimatetheamountundersub-rule(3)ofrule44basedonprevailingmarketpriceofthegoods;

(ii)incaseofcapitalgoods/plantandmachinery,thevalueshouldbetheinvoicevaluereducedby1/60thpermonthorpartthereoffromthedateofinvoice/purchasetakingusefullifeasfiveyears.

4.Thedetailsfurnishedinaccordancewithsub-rule(3)ofrule44intheTableatSl.No.

8(againstentry8(d))shallbedulycertifiedbyapracticingcharteredaccountantorcostaccountant.Copyofthecertificateshallbeuploadedwhilefilingthedetails.”;

(v)forFORMGSTDRC-07,thefollowingshallbesubstituted,namely:-

1.Detailsoforder –

“FORMGSTDRC-07

[Seerule142(5)]

Summaryoftheorder

(a)OrderNo.(b)Orderdate(c)Taxperiod-

2.Issuesinvolved–dropdownclassification,valuation,rateoftax,suppressionofturnover,excessITCclaimed,excessrefundreleased,placeofsupply,others(specify)

3.Descriptionofgoods/services-

Sr.No. / HSN / Description

4.Detailsofdemand

(AmountinRs.)

Sr.
No. / Taxrate / Turnover / Placeofsupply / Act / Tax/Cess / Interest / Penalty / Others
1 / 2 / 3 / 4 / 5 / 6 / 7 / 8 / 9

SignatureNameDesignation”.

[F.No.349/58/2017-GST(Pt.)]

(MohitTewari)UnderSecretarytotheGovernmentofIndia

Note:-TheprincipalruleswerepublishedintheGazetteofIndia,Extraordinary,PartII,Section3,Sub-section(i)videnotificationNo.3/2017-CentralTax,datedthe19thJune,2017,publishedvidenumberG.S.R610(E),datedthe19thJune,2017andlastamendedvidenotificationNo.14/2018-CentralTax,datedthe23rd March,2018,publishedvidenumber

G.S.R266(E),datedthe23rdMarch,2018.