Rule 70 of CGST Rules 2017: Final Acceptance of Input Tax Credit and Communication thereof

Rule 70 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Final Acceptance of Input Tax Credit and Communication thereof

Provisions under Rule 70 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Final Acceptance of Input Tax Credit and Communication thereof”, are as under:

CGST Rule 70: Final Acceptance of Input Tax Credit and Communication thereof (Chapter-VIII: Returns)

(1) The final acceptance of claim of input tax credit in respect of any tax period, specified in sub-section (2) of section 42, shall be made available electronically to the registered person making such claim in FORM GST MIS-1 through the common portal.

(2) The claim of input tax credit in respect of any tax period which had been communicated as mismatched but is found to be matched after rectification by the supplier or recipient shall be finally accepted and made available electronically to the person making such claim in FORM GST MIS-1 through the common portal.

Above information is based on CBEC’s compilation of Updated CGST Rules, 2017 as on 23 Mar. 2018 (i.e. as notified/ amended upto 23 Mar. 2018 by the CBEC). For detailed information/ subsequent updates, please refer relevant Notifications.

It may be noted that Rules 27 to 137 (pertaining to various Chapters) of the Central Goods and Services Tax (CGST) Rules, 2017 were notified by CBEC vide CGST (2nd Amendment) Rules, 2017 Notification No. 10/2017 Central Tax dt. 28 June 2017, applicable w.e.f. 1 July 2017.

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Central Goods and Services Tax (CGST) Rules, 2017 (Chapter-wise/ Rule-wise)

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