Govt. amends CGST Rules; Lays down procedure upon delayed filing of 'Form GSTR-3B'

Govt. notifies Central Goods and Services Tax (Fourth Amendment) Rules 2017, inter alia amends Rule 24 w.e.f. July 22 to allow cancellation of GST registration of migrated tax-payers by September 30th; Amends Rule 34 to prescribe rate of exchange as notified by CBEC u/s 14 of Customs Act for determination of value of taxable goods, while rate of exchange for taxable services shall be that determined as per generally accepted accounting principles; Amount for reversal of ITC i...