GST rule amendments revise corporate guarantee valuation, registration forms, practitioner enrolment, and provisional attachment procedures. Amends the Assam Goods and Services Tax Rules, 2017 by inserting a deemed valuation rule for corporate guarantee services provided to a related recipient, fixing the value at one per cent of the guarantee amount offered or the actual consideration, whichever is higher. The amendment also substitutes procedural terminology in rule 142, modifies rule 159 on cessation of provisional attachment, updates registration and return forms including FORM GST REG-01, FORM GST REG-08, FORM GSTR-8, and FORM GST PCT-01, and revises FORM GST DRC-22 regarding the duration of effect of the order.
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Amends the Assam Goods and Services Tax Rules, 2017 by inserting a deemed valuation rule for corporate guarantee services provided to a related recipient, fixing the value at one per cent of the guarantee amount offered or the actual consideration, whichever is higher. The amendment also substitutes procedural terminology in rule 142, modifies rule 159 on cessation of provisional attachment, updates registration and return forms including FORM GST REG-01, FORM GST REG-08, FORM GSTR-8, and FORM GST PCT-01, and revises FORM GST DRC-22 regarding the duration of effect of the order.
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