The Department of Excise and Taxation, Punjab on May 12, 2023, issued the Punjab Goods and Services Tax (Amendment) Rules, 2023 to further amend the Punjab Goods and Services Tax Rules, 2017.
The following has been amended namely: -
• Statement 1A, Statement 2, Statement 3, Statement 4, Statement 4A, Statement 5, Statement 5B, and Statement 6 in Form GST RFD-01 in Annexure 1 have been substituted
• In paragraph 5, in the Table, in the second column against serial number 6B, after the entry ending with the words, figure, brackets, and letter “under 6(H) below.”, the following entry shall be inserted, namely: -
“For FY 2017-18 and 2018-19, the registered person shall have an option to either report the breakup of input tax credit as inputs, capital goods and input services or report the entire input tax credit under the “inputs” row only.”
• In paragraph 7, before the words and letter “Part V consists”, the word, letters, and figures “For FY 2017-18,” shall be inserted
• Part – B which states Certification has been amended
This has come into force on November 14, 2019
[Notification No.G.S.R. 53/P.A5/2017/S.164/Amd.(60)/2023]
