Circular No.ES/121/ 2016-17 September 27, 2016
To: Members of the Council
Dear Member,
This is to inform you that the Government on Monday 26th September, 2016 released the draft rules for registration, payment and invoices under the goods and services tax (GST) regime with the objective of minimizing the physical interface between the taxpayer and the tax authorities that will check corruption and harassment. To view the Draft Rules under GST please visit http://cbec.gov.in/htdocs-cbec/gst.
With regard to the above, Central Board of Excise and Customs (CBEC) has invited comments on the Draft rules by Wednesday, 28th September, 2016 which would be finalized by 30th September, 2016 (Friday). Members are hence requested to send their comments to CBEC at gst-cbec@gov.in.
In order to prepare the groundwork for a smooth rollout of the Goods and Services Tax (GST), the tax department on 26.09.2016 released three sets of Draft Rules and their formats relating to registration, invoice and payments.
The government plans to implement GST from April 1, 2017.
CBEC has come out with 17 rules and 26 forms for Registration, five rules and one form for Invoice and four rules and seven forms for Payment.
The draft rules provide the following –
According to CBEC – Registered taxable person shall display his certificate of registration and GST identification number in a prominent location at his principal place of business and at every additional place or places of business.
As per the draft norms –
In case there are defects –
Members may make a note of the above and do the needful.
Thanking you,
V. ANIL KUMAR
EXECUTIVE DIRECTOR