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Section 120: Details of goods sent on approval basis

The Central Goods and Services Tax (CGST) Rules 2017Union territory Rules of Dadra and Nagar Haveli and Daman and Diu · 2017

Every person having sent goods on approval under the existing law and to whom sub-section (12) of section 142 applies shall, within [the period specified in rule 117 or such further period as extended by the Commissioner] 78 , submit details of such goods sent on approval in FORM GST TRAN-1.

[120A.[Revision of declaration in FORM GST TRAN-1] 79 Every registered person who has submitted a declaration electronically in FORM GST TRAN-1 within the time period specified in rule 117, rule 118, rule 119 and rule 120 may revise such declaration once and submit the revised declaration in FORM GST TRAN-1electronically on the common portal within the time period specified in the said rules or such further period as may be extended by the Commissioner in this behalf.]

80 of sub-rule (2), submits a statement in FORM GST TRAN 2 at the end of each of the six tax periods during which the scheme is in operation indicating therein, the details of supplies of such goods effected during the tax period;” 75 Inserted vide Notification No. 48/2018-CT, dated 10.09.2018.

76 Substituted vide Notf no. 36/2017-CT dt 29.09.2017 for “a period of ninety days of the appointed day” 77 Substituted vide Notf no. 36/2017-CT dt 29.09.2017 for “ninety days of the appointed day” 78 Substituted vide Notf no. 36/2017-CT dt 29.09.2017 for “ninety days of the appointed day” 79 Inserted vide Notf no. 36/2017-CT dt 29.09.2017 80 Inserted vide Notf no. 34/2017 – CT dt 15.09.2017 95

Where this provision sits

ActThe Central Goods and Services Tax (CGST) Rules 2017
Section120
Marginal noteDetails of goods sent on approval basis
JurisdictionUnion territory of Dadra and Nagar Haveli and Daman and Diu
StatusIn force as published by the source

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