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Jammu Kashmir GST rules amended

Jammu
December 18, 2020

The Finance Department today issued notification making certain rules to amend the Jammu and Kashmir Goods and Services Tax Rules, 2017 in the Union Territory.

�In exercise of the powers conferred by section 164 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017), the Government on the recommendation of Council, hereby makes certain rules further to amend the Jammu and Kashmir Goods and Services Tax Rules, 2017,� reads a notification issued by the Financial Commissioner, Finance Department, Dr. Arun Kumar Mehta.

The notification (SO-345) reads: �Save as otherwise provided in these rules, they shall deem to have come into force on the date of publication of the corresponding notification under Central Goods and Services Tax Rules in the Central Gazette.�

In Jammu and Kashmir Goods and Services Tax Rules, 2017 for rule 59, certain rules shall be substituted with effect from the 1st day of January, 2021.

�Every registered person, other than a person referred to in section-14 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in form GSTR-1 for the month or the quarter, as the case may be electronically through the common portal, either directly or through a Facilitation centre as may be notified by the Commissioner,� the notification reads.

It states: �The registered persons required to furnish return for every quarter under proviso to sub-section (1) of section 39 may furnish the details of such outward supplies of goods or services or both to a registered person, as he may consider necessary, for the first and second months of a quarter, up to a cumulative value of fifty lakh rupees in each of the months, using Invoice Furnishing Facility (IFF) electronically on the common portal, duly authenticated in the manner prescribed under rule 26, from the 1st day of the month succeeding such month till the 13th day of the said month.�