The Government of Punjab on February 16, 2024, issued the Punjab Goods and Services Tax (First Amendment) Rules, 2024, to further amend the Punjab Goods and Services Tax Rules, 2017.
The following amendments have been stated:
• In rule 9, which states “Verification of the application and approval”, in sub-rule (1), in the proviso, in the longline, the words "in the presence of the said person" shall be omitted.
• In rule 10A, which states “Furnishing of Bank Account Details”, for the portion beginning with the words and figure "as soon as may be, but not later than 45 days" and ending with the words "in order to comply with any other provision" the following shall be substituted, namely:
"within a period of 30 days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using invoice furnishing facility, whichever is earlier, furnish information concerning details of bank account on the common portal".
This notification shall be deemed to have come into force from August 04, 2023.
For further details, Kindly refer to the document attached.
[Notification No G.S.R.5/P.A.5/2017/S.164/Amd. (68)2024]
