Seeks to further amend the SGST Rules,2017(Fourth Amendment,2018)

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....the Assam Goods and Services Tax (Fourth Amendment) Rules, 2018. (2) Save as otherwise provided in these rules, they shall be deemed to have come into force with effect from 18thApril, 2018. 2. Amendment in rule 89 In the principal rules, in rule 89, for sub-rule (5). the following shall be substituted, namely: - "(5). In the case of refund on account of inverted duty structure, refund of input tax credit shall be granted as per the following formula:- Maximum Refund Amount = {(Turnover of inverted rated supply of goods and services) x Net ITC/ Adjusted Total Turnover} - tax payable on such inverted rated supply of goods and services. Explanation: -For the purposes of this sub-rule, the expres....

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.... get the accounts of the applicants audited, for ensuring proper utilisation of the grant: (e) to require any apnlicant, in case of any default, or suppression of material information on his part, to refund in lumpa sum along with accrued interests the sanctioned grant to the Committee, and to be subject to prosecution under the Act; (f) to recover any sum due from any applicant in accordance with the provisions of the Act; (g) to require any applicant, or class of applicants to submit a periodical report, indicating proper utilisation of the grant; (h) to reject an application placed before it on account of factual inconsistency& or inaccuracy in material particulars;    (i) to re....

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....ion 4 of the Consumer Protection Act. 1986 (68 of 1986). for promotion   and protection of rights of consumers; (d) 'Committee' means the Committee constituted under sub-rule (4); (e) 'consumer' has the same meaning as assigned to it in clause (d) of sub-section (l) of section 2 of the Consumer Protection Acts 1986 (68 Of 1986), and includes consumer of goods on which central tax has been paid; (f) 'Fund' means the Consumer Welfare Fund established by the State Government under section     57 of the Assam Goods and Services Tax Act, 2017; Assam Act no. XXVIII of 2017. (g) 'proper officer' means the officer having the power under the Act to make....

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....grated Tax                 4. Cess                   10. Interest, late fee payable and paid Description Amount payable Amount Paid 1 2 3 (I) Interest on account of   (a) Integrated Tax     (b) Central Tax     (c) State/Union territory Tax     (d) Cess     (II) Late fee   • Central Tax     (b) State/Union territory tax       Sl. No. HSN Description          ....