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TMI BlogKarnataka Goods and Services Tax (Third Amendment) Rules, 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... nataka Goods and Services Tax (Third Amendment) Rules, 2020. (2) Save as otherwise provided in these rules, they shall be deemed to have come into force on the 23rd day of March 2020. 2. Amendment of rule 3.- In the Karnataka Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), with effect from the 31st March, 2020, in rule 3, in sub-rule (3), the following proviso shall be inserted, namely:- Provided that any registered person who opts to pay tax under section 10 for the financial year 2020-21 shall electronically file an intimation in FORM GST CMP-02 , duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dhaar authentication before the grant of registration, or due to any other reason after the grant of registration, he may get such verification of the place of business, in the presence of the said person, done and the verification report along with the other documents, including photographs, shall be uploaded in FORM GST REG-30 on the common portal within a period of fifteen working days following the date of such verification. . 6. Amendment of rule 31A.- In the said rules, in rule 31A, for sub-rule (2), the following shall be deemed to have been substituted with effect from 1st March, 2020, namely:- (2) The value of supply of lottery shall be deemed to be 100/128 of the face value of ticket or of the price s notified in the Of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the electronic credit ledger subject to the condition that the ineligible credit attributable to the period during which such capital goods were covered by clause (a),denoted as Tie , shall be calculated at the rate of five percentage points for every quarter or part thereof and added to the output tax liability of the tax period in which such credit is claimed: Provided further that the amount Tie shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax and declared in FORM GSTR-3B . Explanation.- An item of capital goods declared under clause (a) on its receipt shall not attract the provisions of sub-section (4) of section 18, if it is subsequently covered under this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctly or through a Facilitation Centre notified by the Commissioner. . 10. Amendment of rule 86.- In the said rules, in rule 86, after sub-rule (4), the following sub-rule shall be inserted, namely:- (4A) Where a registered person has claimed refund of any amount paid as tax wrongly paid or paid in excess for which debit has been made from the electronic credit ledger, the said amount, if found admissible, shall be recredited to the electronic credit ledger by the proper officer by an order made in FORM GST PMT-03. . 11. Amendment of rule 89.- In the said rules, in rule 89, in sub-rule (4), for clause (C), the following clause shall be substituted, namely:- (C) Turnover of zero-rated supply of goods means the value of z ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and figure amount refundable under sub-rule (1) , the words, brackets, figure and letter or sub-rule (1A) , shall be inserted; (3) in sub-rule (5), after the words, brackets and figure amount refundable under sub-rule (1) , the words, figures and letter or sub-rule (1A) , shall be inserted. 13. Amendment of rule 96.- In the said rules, in rule 96, in sub-rule (10), in clause (b) with effect from the 23rd October, 2017, the following Explanation shall be inserted, namely,- Explanation.- For the purpose of this sub-rule, the benefit of the notifications mentioned therein shall not be considered to have been availed only where the registered person has paid Integrated Goods and ServicesTax and Compensation Cess on inputs and h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the requirement of realisation of sale proceeds on merits, the refund paid to the applicant shall not be recovered. (2) Where the sale proceeds are realised by the applicant, in full or part, after the amount of refund has been recovered from him under sub-rule (1) and the applicant produces evidence about such realisation within a period of three months from the date of realisation of sale proceeds, the amount so recovered shall be refunded by the proper officer, to the applicant to the extent of realisation of sale proceeds, provided the sale proceeds have been realized within such extended period as permitted by the Reserve Bank of India. . 15. Amendment of rule 141.- In the said rules, in rule 141, in sub-rule (2), for the word ..... X X X X Extracts X X X X X X X X Extracts X X X X
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