Rate of exchange for valuation updated; export invoice endorsements and GSTR return procedures amended under state GST rules. Amendments revise commencement timings and certain procedural rules. Rule 24's filing timeframe is substituted with a fixed substituted date. Rule 34 is replaced to set the rate of exchange for goods as the Customs Act notified rate and for services as per generally accepted accounting principles at time of supply. Export invoices must carry specified endorsements and recipient, delivery address and destination country details. FORM GSTR-3B may be prescribed when GSTR-1/GSTR-2 deadlines are extended; GSTR-3 will be electronically generated and reconciled against GSTR-3B, with excess input tax credit credited to the electronic ledger. HSN fields in TRAN-1 and TRAN-2 are amended to 'HSN as applicable.'
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Provisions expressly mentioned in the judgment/order text.
Rate of exchange for valuation updated; export invoice endorsements and GSTR return procedures amended under state GST rules.
Amendments revise commencement timings and certain procedural rules. Rule 24's filing timeframe is substituted with a fixed substituted date. Rule 34 is replaced to set the rate of exchange for goods as the Customs Act notified rate and for services as per generally accepted accounting principles at time of supply. Export invoices must carry specified endorsements and recipient, delivery address and destination country details. FORM GSTR-3B may be prescribed when GSTR-1/GSTR-2 deadlines are extended; GSTR-3 will be electronically generated and reconciled against GSTR-3B, with excess input tax credit credited to the electronic ledger. HSN fields in TRAN-1 and TRAN-2 are amended to "HSN as applicable."
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