Quick Summary
Vide Notification No. 27/2021 Central Tax, the Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fifth Amendment) Rules, 2021 in order to further make amendments to the Central Goods and Services Tax Rules, 2017. As per the notification, amendments have been made under Rule 26(1) and 36(4) of the CGST Rules 2017. Read the official notification below: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Govern
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FAQ :
These rules have been introduced to further amend the Central Goods and Services Tax Rules, 2017, bringing specific changes to existing regulations.
The amendments have been made under Rule 26(1) and Rule 36(4) of the CGST Rules 2017.
The condition for input tax credit under Rule 36(4) will now apply cumulatively for the period of April, May, and June 2021. The GSTR-3B return for June 2021 or the quarter ending June 2021 must include the cumulative adjustment of input tax credit for these months.
The amendments generally come into force on the date of their publication in the Official Gazette. Specifically, the change in Rule 26(1) is effective from 31st May 2021, and the change in Rule 36(4) relates to the period April, May, and June 2021.
Yes, a registered person may furnish details for the month of May 2021 using the IFF (Input Tax Credit Filing Facility) from 1st June 2021 until 28th June 2021.
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