GST rule amendments: transporter common enrolment, inverted duty refund formula, and strengthened compliance remedies. The amendment clarifies that values added under clause (b) of section 15(2) are deemed paid for section 16(2) purposes; allows transporters with the same PAN to obtain a unique common enrolment number via FORM GST ENR-02 and forbids use of individual GSTINs thereafter for Chapter XVI; revises the inverted duty refund formula and definitions for Net ITC and Adjusted Total Turnover; extends certain time limits; updates refund and enrolment forms; and strengthens enforcement remedies including price reduction orders, refunds with interest, fund deposits, penalties and registration cancellation.
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Provisions expressly mentioned in the judgment/order text.
GST rule amendments: transporter common enrolment, inverted duty refund formula, and strengthened compliance remedies.
The amendment clarifies that values added under clause (b) of section 15(2) are deemed paid for section 16(2) purposes; allows transporters with the same PAN to obtain a unique common enrolment number via FORM GST ENR-02 and forbids use of individual GSTINs thereafter for Chapter XVI; revises the inverted duty refund formula and definitions for Net ITC and Adjusted Total Turnover; extends certain time limits; updates refund and enrolment forms; and strengthens enforcement remedies including price reduction orders, refunds with interest, fund deposits, penalties and registration cancellation.
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