Karnataka GST Rules amended to prescribe procedure upon delayed filing of 'Form GSTR-3B'

Karnataka GST (Second Amendment) Rules 2017 inter alia amend Rule inter alia amend Rule 24 w.e.f. June 28 to allow cancellation of GST registration of migrated tax-payers by September 30th; Amend 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 o...