TaxTMI 
TaxTMI 
The Karnataka Goods and Services Tax (Seventh Amendment) Rules, 2018.
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....as otherwise provided, they shall come into force on the date of their publication in the Official Gazette. 2. Amendment of rule 37.- In the Karnataka Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in rule 37, in sub-rule (1), after the first proviso, the following proviso shall be inserted, namely:- "Provided further that, the value of supplies on account of any amount added in accordance with the provisions of clause (b) of sub-section (2) of section 15 shall be deemed to have been paid for the purposes of the second proviso to sub-section (2) of section 16."; 3. Amendment of rule 58.-In rule 58 of the said rules, after sub-rule (1), the following sub-rule shall be inserted, namely:- "(1A) For ....
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....t period other than the input tax credit availed for which refund is claimed under sub-rules (4A) or (4B) or both; and (b) Adjusted Total turnover shall have the same meaning as assigned to it in sub-rule (4)." 5. Amendment of rule 95.- In rule 95 of the said rules, in sub-rule (3), for clause (a), the following shall be substituted with effect from 1st July, 2017, namely:- "(a) the inward supplies of goods or services or both were received from a registered person against a tax invoice;" ; 6. Amendment of rule 97.- In rule 97 of the said rules, in sub-rule (1), for the proviso, the following provisos shall be substituted, namely:- "Provided that, an amount equivalent to fifty per cent of the amount of integrated tax determin....
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....ifty per cent. of the amount in the Fund constituted under section 57 of the Central Goods and Services Tax Act, 2017 (Central Act 12 of 2017), where the eligible person does not claim return of the amount or is not identifiable; (d) imposition of penalty as specified under the Act; and (e) cancellation of registration under the Act. Explanation: For the purpose of this sub-rule, the expression, "concerned State" means the State in respect of which the Authority passes an order.", 8. Amendment of rule 138.- In rule 138 of the said rules, in sub-rule (14), after clause (n), the following clause shall be inserted, namely:- "(o) Where empty cylinders for packing of liquefied petroleum gas are being moved for reasons other tha....
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....parer under existing law for a period of not less than five years" (2) after sub-heading "consent" and the entries relating thereto, the following shall be inserted, namely:- "Declaration I hereby declare that: (i) I am a citizen of India; (ii) I am a person of sound mind; (iii) I have not been adjudicated as an insolvent; and (iv) I have not been convicted by a competent court." 13. Amendment of FORM GST RFD-01.- In FORM GST RFD-01 of the said rules, in Annexure- 1 , (i) for Statement IA and the entries relating thereto, ' the following statement shall be substituted, namely:- "Statement 1A [see rule 89(2)(h)] Refund Type: ITC accumulated due to inverted tax structure [clause ....
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....efund Type: ITC accumulated due to inverted tax structure [clause (ii) of first proviso to section 54(3)] Sl.No. Details of invoices of inward supplies received Tax paid on inward supplies Details of invoices of outward supplies issued Tax paid on outward supplies GSTIN of the supplier No. Date Taxable Value Integrated Tax Central Tax State Tax/Union territory Tax No. Date Taxable Value Integrated Tax Central Tax State Tax/Union territory Tax 1 2 3 4 5 6 7 8 9 10 11 12 13 14 "; (ii) for Statement 5B, the followin....