The Chhattisgarh Goods and Services Tax (Third Amendment) Rules, 2017. - 17/2017-State Tax - Chhattisgarh SGST

Rate of exchange for valuation clarified and input tax credit allocation plus modified return procedures provided under amended GST rules.

The amendments align the rate of exchange for valuation: Customs Board rates apply for goods and generally accepted accounting principles apply for services; input tax credit is to be determined separately by tax type and where invoices are unavailable may be estimated at prevailing market price; electronic procedures permit FORM GSTR-3B to be used for interim filing with electronic generation and reconciliation of FORM GSTR-3 parts and crediting of excess input tax to the electronic credit ledger.