Amendment to GST rules revises refund calculations and enforcement powers to ensure pass through of tax benefits. Amendments to the Rajasthan GST Rules modify valuation and input tax credit treatment, extend a limitation period, prescribe a formula and definitions for refunds of input tax credit in inverted duty cases, revise refund and practitioner forms, require half of certain cess amounts to be deposited in the Fund, align the Secretary to the Authority with central rules, empower the Authority to order price reductions, returns with interest, fund deposits, penalties and cancellation for failure to pass on benefits, and permit movement of empty LPG cylinders for non supply reasons.
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Provisions expressly mentioned in the judgment/order text.
Amendment to GST rules revises refund calculations and enforcement powers to ensure pass through of tax benefits.
Amendments to the Rajasthan GST Rules modify valuation and input tax credit treatment, extend a limitation period, prescribe a formula and definitions for refunds of input tax credit in inverted duty cases, revise refund and practitioner forms, require half of certain cess amounts to be deposited in the Fund, align the Secretary to the Authority with central rules, empower the Authority to order price reductions, returns with interest, fund deposits, penalties and cancellation for failure to pass on benefits, and permit movement of empty LPG cylinders for non supply reasons.
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