Tamil Nadu Goods and Services Tax (Fourth Amendment) Rules, 2018
G.O. Ms. No. 50 Dated:- 18-4-2018 Tamil Nadu SGST
GST – States
Tamil Nadu SGST
Tamil Nadu SGST
GOVERNMENT OF TAMIL NADU
\nCOMMERCIAL TAXES AND REGISTRATION DEPARTMENT
\nNOTIFICATION G.O. (MS) NO.50
\n DATED 18-4-2018
\nIn exercise of the powers conferred by section 164 of the Tamil Nadu Goods and Services Tax Act, 2017 (Tamil Nadu Act 19 of 2017), the Governor of Tamil Nadu hereby makes the following rules further to amend the Tamil Nadu Goods and Services Tax Rules, 2017, namely:-
\n(1) These rules may be called the Tamil Nadu Goods and Services Tax (Fourth Amendment) Rules, 2018.
\n(2) Save as otherwise provided, they shall come into force on the date of their publication in the Official Gazette.
\n2. In the Tamil Nadu Goods and Services Tax Rules, 2017,-
\n(i) in rule 89, for sub-rule (5), the following shall be substituted, namely:-
\n "(5). In the case of refund on account of inverted duty structure, refun<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n nt equivalent to fifty per cent, of the amount of integrated tax determined under sub-section (5) of section 54 of the Central Goods and Services Tax Act, 2017 (Central Act 12 of 2017), read with section 20 of the Integrated Goods and Services Tax Act, 2017 (Central Act 13 of 2017), shall be deposited in the Fund. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n t, or before a duly authorised officer of the State Government, as the case may be, such books, accounts, documents, instruments, or commodities in custody and control of the applicant, as may be necessary for proper evaluation of the application; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n a) for making available grants to any applicant; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n d by him in a case instituted by him in a consumer dispute redressal agency. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n be reversed and paid back to Government. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n be filed by taxpayers or persons who are registered as :- = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Tamil Nadu Goods and Services Tax (Fourth Amendment) Rules, 2018G.O. Ms. No. 50 Dated:- 18-4-2018 Tamil Nadu SGSTGST – StatesTamil Nadu SGSTTamil Nadu SGSTGOVERNMENT OF TAMIL NADU COMMERCIAL TAXES AND REGISTRATION DEPARTMENT NOTIFICATION G.O. (MS) NO.50 DATED 18-4-2018 In exercise of the powers conferred by section 164 of the Tamil Nadu Goods and Services Tax … Continue reading “Tamil Nadu Goods and Services Tax (Fourth Amendment) Rules, 2018”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11923","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11923"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11923\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n (2) Where any amount, having been credited to the Fund, is ordered or directed to be paid to any claimant by the proper officer, appellate authority or court, the same shall be paid from the Fund.
\n (3) Accounts of the Fund maintained by the Central Government shall be subject to audit by the Comptroller and Auditor General of India.
\n (4) The Government shall, by an order, constitute a Standing Committee (hereinafter referred to as the 'Committee') with a Chairman, a Vice-Chairman, a Member Secretary and such other members as it may deem fit and the Committee shall make recommendations for proper utilisation of the money credited to the Fund for welfare of the cons<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n(c) to require any applicant to allow entry and inspection of any premises, from which activities claimed to be for the welfare of consumers are stated to be carried on, to a duly authorised officer of the State Government, as the case may be;
\n(d) to get the accounts of the applicants audited, for ensuring proper utilisation of the grant;
\n(e) to require any applicant, in case of any default, or suppression of material information on his part, to refund in lump-sum along with accrued interest, the sanctioned grant to the Committee, and to be subject to prosecution under the Act;
\n(f) to recover any sum due from any applicant in accordance with the provisions of the Act;
\n(g) to require any applicant, or class of applicants to submit a perio<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n(b) for investment of the money available in the Fund;
\n(c) for making available grants (on selective basis) for reimbursing legal expenses incurred by a complainant, or class of complainants in a consumer dispute, after its final adjudication;
\n(d) for making available grants for any other purpose recommended by the Central Consumer Protection Council (as may be considered appropriate by the Committee);
\n(e) for making available up to 50% of the funds credited to the Fund each year, for publicity\/consumer awareness on GST, provided the availability of funds for consumer welfare activities of the Department of Consumer Affairs is not less than twenty five crore rupees per annum.
\n Explanation.- For the purposes of this rule,
\n(a) 'applicant' means,
\n(i) the Central Government or State Government;
\n(ii) regulatory authorities or autonomous bodies constituted under an Act of Parliament or the Legislature of a State or Union Territ<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n(b) 'application' means an application in the form as specified by the Standing Committee from time to time;
\n(c) 'Central Consumer Protection Council' means the Central Consumer Protection Council, established under sub-section (1) of section 4 of the Consumer Protection Act, 1986 (Central Act 68 of 1986), for promotion and protection of rights of consumers;
\n(d) 'Committee' means the Committee constituted under sub-rule (4);
\n(e) 'consumer' has the same meaning as assigned to it in clause (d) of sub-section (1) of section 2 of the Consumer Protection Act, 1986 (Central Act 68 of 1986), and includes consumer of goods on which central tax has been paid;
\n(f) 'Fund' means the Consumer Welfare Fund established by the State Government under section 57 of the Tamil Nadu Goods and Services Tax Act, 2017 (Tamil Nadu Act 19 of2017);
\n(g) 'proper officer' means the offi<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nSl.No.
\nGSTIN
\nInvoice\/Bill of Entry
\nDescription of inputs held in stock, inputs contained in semi-finished or finished goods held in stock and capital goods \/plant and machinery
\nUnit Quantity Code (UQC)
\nQty
\nValue (As adjusted by debit\/ credit note)
\nInput tax credit\/Tax payable (whichever is higher) (Rs.)
\nNo.
\nDate
\nCentral tax
\nState\/Union territory tax
\nIntegrated tax
\nCess
\n1
\n2
\n3
\n4
\n5
\n6
\n7
\n8
\n9
\n10
\n11
\n12
\n8 (a) Inputs held in stock (where invoice is available)
\n8 (b) Inputs contained in semi-finished or finished goods held in stock (where invoice is available)
\n8 (c) Capital goods\/plant and machinery held in stock
\n8 (d) Inputs held in stock or inputs as contained in semi-finished \/finished goods held in stock (where invoice is not available)
\n9. Amount of tax payable and paid (based on Table 8)
\nSl.No.
\nDescription
\nITC reversible\/Tax payable
\nTax paid along with application for cancellation of registration (GST REG-16)
\nBalan<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n(i) Input Service Distributors;
\n(ii) Persons paying tax under section 10;
\n(iii) Non-resident taxable person;
\n(iv) Persons required to deduct tax at source under section 51; and
\n(v) Persons required to collect tax at source under section 52.
\n2. Details of stock of inputs, inputs contained in semi-finished or finished goods and stock of capital goods\/plant and machinery on which input tax credit has been availed.
\n3. Following points need to be taken care of while providing details of stock at Sl. No.8:
\n(i) where the tax invoices related to the inputs held in stock or inputs contained in semi-finished or finished goods held in stock are not available, the registered person shall estimate the amount under sub-rule (3) of rule 44 based on prevailing market price of the goods;
\n(ii) in case of capital goods\/ plant and machinery, the value should be the invoice value reduced by 1\/60th per month or part thereof from the date of <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n