Rate of exchange and return-filing rules amended: valuation, export invoice endorsements, and GSTR-3B reconciliation mandated. Amendments revise valuation and procedural GST rules: Rule 34 sets the rate of exchange for goods as the customs-notified rate at time of supply and for services as the rate determined under generally accepted accounting principles at time of supply. Rule 46 mandates prescribed export/SEZ invoice endorsements and replaces certain invoice detail requirements with recipient name and address, delivery address, and country of destination. Rule 61 authorises FORM GSTR-3B filing where GSTR-1/GSTR-2 deadlines are extended and requires electronic generation of FORM GSTR-3 parts, reconciliation by the registered person, and crediting excess input tax to the electronic credit ledger.
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Rate of exchange and return-filing rules amended: valuation, export invoice endorsements, and GSTR-3B reconciliation mandated.
Amendments revise valuation and procedural GST rules: Rule 34 sets the rate of exchange for goods as the customs-notified rate at time of supply and for services as the rate determined under generally accepted accounting principles at time of supply. Rule 46 mandates prescribed export/SEZ invoice endorsements and replaces certain invoice detail requirements with recipient name and address, delivery address, and country of destination. Rule 61 authorises FORM GSTR-3B filing where GSTR-1/GSTR-2 deadlines are extended and requires electronic generation of FORM GSTR-3 parts, reconciliation by the registered person, and crediting excess input tax to the electronic credit ledger.
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