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Taxation West Bengal Ministry of Finance West Bengal Goods and Services Tax Act, 2017

West Bengal Goods and Services Tax (Fourth Amendment) Rules, 2023

20-Sep-2023 | NA

Government of West Bengal has issued West Bengal Goods and Services Tax (Fourth Amendment) Rules, 2023, effective from 26th December 2022. The key highlights of the amendments are: Reversal of Input Tax Credit: If a registered person avails input tax credit in the return (FORM GSTR-3B) for a tax period based on an invoice or debit note furnished by the supplier, but the supplier has not filed the return (FORM GSTR-3B) for the corresponding tax period by the 30th day of September following the end of the financial year, then the registered person must reverse the input tax credit. This reversal should be done while filing the return (FORM GSTR-3B) by the 30th day of November following the end of the financial year. Amendment in Rule 59, Sub-rule (6): After clause (c), a new clause (d) is inserted. It states that a registered person, who has received an intimation on the common portal under the provisions of sub-rule (1) of rule 88C for a tax period, will not be allowed to furnish the details of outward supplies of goods or services (or both) under section 37 in FORM GSTR-1 or using the invoice furnishing facility for a subsequent tax period, unless the person has either deposited the specified amount mentioned in the intimation or has furnished a reply explaining the reasons for any amount remaining unpaid, as required under the provisions of sub-rule (2) of rule 88C.

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