The Government of Punjab on May 12, 2023, issued the Punjab Goods and Services Tax (Second Amendment) Rules, 2023 to further amend the Punjab Goods and Services Tax Rules, 2017.
The following amendments have been stated:
• In rule 21A which specifies the suspension of registration, in sub-rule (4), another proviso shall be inserted after the proviso.
• In Explanation 1 to rule 43 which states the manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases, after clause (c), clause (d) shall be inserted.
• In rule 46 which specifies tax invoices, after clause (r), clause (s) shall be inserted.
• In rule 86 which states Electronic Credit Ledger, after sub-rule (4A), sub-rule (4B) shall be inserted.
• Rule 87 which specifies Electronic Cash Ledger will be amended.
• With effect from July 01, 2017, after rule 88A, rule 88B Manner of calculating interest on delayed payment of tax shall be deemed to have been inserted.
• Rule 89 which specifies the application for refund of tax, interest, penalty, fees, or any other amount will be amended.
• Rule 95A which states refund of taxes to the retail outlets established in the departure area of an international airport beyond immigration counters making the tax-free supply to an outgoing international tourist shall be deemed to have been omitted with effect from July 01, 2019.
• With effect from July 01, 2017, in rule 96 which states refund of integrated tax paid on goods (or services) exported out of India amendments have been made.
• Form GSTR-3B which is a monthly return form taxpayers have to file irrespective of their returns is being amended.
• Form GSTR-9 is an annual return to be filed once for each financial year, by the registered taxpayers who were regular taxpayers and is being amended.
• Form GSTR-9C which is an annual audit form for all taxpayers having a turnover above 2 crores in a particular financial year is being amended.
• After Form GST PMT-03, Form GST PMT – 03A Order for re-credit of the amount to electronic credit ledger form shall be inserted.
• Form GST PMT-06 which is a challan used for making payment of tax, interest, late fee, and penalty under the GST law is amended.
• Form GST PMT-07 is used to file payment-related grievances and is also amended.
• Form GST PMT-09 enables any registered or unregistered taxpayer to perform intra-head or inter-head transfer of amount as available in the Electronic Cash Ledger is amended.
• Form -GST-RFD-01 which is an application for the online processing of refunds under GST is also amended.
• In the said rules, Form GST RFD-10 B shall be deemed to have been omitted with effect from July 01, 2019.
They shall be deemed to have come into force from July 05, 2022
[Notification No. G.S.R. 54/P.A.5/2017/S.164/Amd.(61)/2023]
