[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUBSECTION (i)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification No. 17/2017 – Central Tax
New Delhi, the 27
th
July, 2017
G.S.R. ( )E.:- In exercise of the powers conferred by section 164 of the Central Goods and Services
Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to
amend the Central Goods and Services Tax Rules, 2017, namely:-
(1) These rules may be called the Central Goods and Services Tax (Fourth Amendment)
Rules, 2017.
(2) Save as otherwise provided, they shall come into force on the date of publication in the
Official Gazette.
2. In the Central Goods and Services Tax Rules, 2017,
(i) in rule 24, with effect from 22
nd
July, 2017, in sub-rule (4), for the words “within a period
of thirty days from the appointed day”, the words and figures “on or before 30
th
September,
2017” shall be substituted;
(ii) for rule 34, the following shall be substituted, namely:-
“34. Rate of exchange of currency, other than Indian rupees, for determination
of value.- (1) The rate of exchange for determination of value of taxable goods shall
be the applicable rate of exchange as notified by the Board under section 14 of the
Customs Act, 1962 for the date of time of supply of such goods in terms of section 12
of the Act.
(2) The rate of exchange for determination of value of taxable services shall be the
applicable rate of exchange determined as per the generally accepted accounting
principles for the date of time of supply of such services in terms of section 13 of the
Act.”;
(iii) in rule 44, with effect from 1
st
July, 2017, for sub-rules (2) and (3), the following shall be
substituted, namely:-
“(2) The amount, as specified in sub-rule (1) shall be determined separately for input
tax credit of central tax, State tax, Union territory tax and integrated tax.
(3) Where the tax invoices related to the inputs held in stock are not available, the
registered person shall estimate the amount under sub-rule (1) based on the prevailing
market price of the goods on the effective date of the occurrence of any of the events
specified in sub-section (4) of section 18 or, as the case may be, sub-section (5) of
section 29.”;
(iv) in rule 46, for the third proviso, the following proviso shall be substituted, namely:-
“Provided also that in the case of the export of goods or services, the invoice
shall carry an endorsement “SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ
UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT
OF INTEGRATED TAX” or “SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ
UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS UNDER BOND
OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED
TAX”, as the case may be, and shall, in lieu of the details specified in clause (e),
contain the following details, namely,-
(i) name and address of the recipient;
(ii) address of delivery; and
(iii) name of the country of destination:”;
(v) in rule 61, with effect from 1
st
July, 2017, for sub-rule (5), the following sub-rules
shall be substituted, namely:-
“(5) Where the time limit for furnishing of details in FORM GSTR-1 under
section 37 and in FORM GSTR-2 under section 38 has been extended and the
circumstances so warrant, the Commissioner may, by notification, specify that
return shall be furnished in FORM GSTR-3B electronically through the common
portal, either directly or through a Facilitation Centre notified by the
Commissioner.
(6) Where a return in FORM GSTR-3B has been furnished, after the due date for
furnishing of details in FORM GSTR-2—
(a) Part A of the return in FORM GSTR-3 shall be electronically generated on
the basis of information furnished through FORM GSTR-1, FORM GSTR-2
and based on other liabilities of preceding tax periods and PART B of the said
return shall be electronically generated on the basis of the return in FORM
GSTR-3B furnished in respect of the tax period;
(b) the registered person shall modify Part B of the return in FORM GSTR-3
based on the discrepancies, if any, between the return in FORM GSTR-3B and
the return in FORM GSTR-3 and discharge his tax and other liabilities, if any;
(c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount
of input tax credit in terms of FORM GSTR-3B, the additional amount shall be
credited to the electronic credit ledger of the registered person.”;
(vi) in rule 83, with effect from 1
st
July, 2017, in sub-rule (3), in the second proviso, for
the word “sub-section”, the word “sub-rule” shall be substituted;
(vii) in rule 89, with effect from 1
st
July, 2017, in sub-rule (4), in clause (E), for the word
“sub-section”, the word “clause” shall be substituted;
(viii) in FORM GST TRAN-1, with effect from 1
st
July, 2017, in Sl. No. 7, in Table (a),
for the heading of column (2), the heading “HSN as applicable” shall be substituted;
(ix) in FORM GST TRAN -2, with effect from 1
st
July, 2017, in Sl. No. 4 and 5, in the
Table, for the heading of column (1), the heading “HSN as applicable” shall be substituted.
[F. No. 349/58/2017-GST]
(Dr. Sreeparvathy S.L.)
Under Secretary to the Government of India
Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June,
2017, published vide G.S.R number 610 (E), dated the 19th June, 2017 and last amended vide
notification No. 15/2017-Central Tax, dated the 1
st
July, 2017, published vide G.S.R number
819 (E) dated the 1
st
July, 2017.
