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    <title>Central Goods and Services Tax (Second Amendment) Rules, 2017</title>
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    <description>Amendment inserts detailed rules (effective 1 July 2017) for valuation of supplies (including non-monetary consideration and related-party/agent transactions), documentary and procedural conditions for claiming and reversing input tax credit (with attribution formulas, capital goods apportionment and ISD distribution methods), mandatory invoice and delivery challan content and timing, structured return filings (GSTR series) with automated matching/rectification processes, electronic ledgers and payment procedures, comprehensive refund mechanisms (including formulas for zero-rated and inverted-duty refunds), transitional credit declarations (TRAN forms), audit/appeal processes, and establishment of an Anti-Profiteering Authority, all to be administered through prescribed electronic forms on the common portal.</description>
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