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TMI BlogAssam 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 ..... otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette. Amendment in rule 8 2. In the principal Rules, in rule 8, after sub-rule (4), the following new sub-rule shall be inserted, namely:- (4A) The applicant shall, while submitting an application under sub-rule (4), with effect from 01.04.2020, undergo authentication of Aadhaar number for grant of registration. . Amendment in rule 9 3. In the principal Rules, in rule 9, in sub-rule (1), for the punctuation mark the punctuation mark shall be substituted and thereafter with effect from 01.04.2020, the following new proviso shall be inserted, namely:- Provided that where a person, other than those noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es (a) and (b), denoted as 'A, being the amount of tax as reflected on the invoice, shall credit directly to the electronic credit ledger and the validity of the useful life of such goods shall extend upto five years from the date of the invoice for such goods: Provided that where any capital goods earlier covered under clause (a) is subsequently covered under this clause, input tax in respect of such capital goods denoted as 'A' shall be credited to 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 'T ie ', shall be calculated at the rate of five percentage points for every quarter or part ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rincipal Rules, in rule 80, in sub-rule (3), the punctuation mark . the punctuation mark . shall be substituted and thereafter the following new proviso shall be inserted, namely:- Provided that every registered person whose aggregate turnover during the financial year 2018-2019 exceeds five crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the financial year 2018-2019, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner. . Amendment in rule 86 7. In the principal Rules, in rule 86, after ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RFD-06 sanctioning the amount of refund to be paid, in cash, proportionate to the amount debited in cash against the total amount paid for discharging tax liability for the relevant period, mentioning therein the amount adjusted against any outstanding demand under the Act or under any existing law and the balance amount refundable and for the remaining amount which has been debited from the electronic credit ledger for making payment of such tax, the proper officer shall issue FORM GST PMT-03 recrediting the said amount as Input Tax Credit in electronic credit ledger. ; (b) in sub-rule (4), after the words, brackets and figure amount refundable under sub-rule (1) , the words, brackets, figure and letter or sub-rule (1A) , shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on-realisation of sale proceeds, along with applicable interest within thirty days of the expiry of the said period or, as the case may be, the extended period, failing which the amount refunded shall be recovered in accordance with the provisions of section 73 or 74 of the Act, as the ease may be, as is applicable for recovery of erroneous refund, along with interest under section 50: Provided that where sale proceeds, or any part thereof, in respect of such export goods are not realised by the applicant within the period allowed under the Foreign Exchange Management Act, 1999 (42 of 1999), but the Reserve Bank of India writes off the requirement of realisation of sale proceeds on merits, the refund paid to the applicant shall not be re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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