Saturday, March 19, 2022
Rule 120 of CGST Rules 2017
Details of goods sent on approval basis.-
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]266, submit details of such goods sent on approval in FORM GST TRAN-1.
[120A. [Revision of declaration in FORM GST TRAN-1]267
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.]268
Amendmends made to Rule 120 of CGST Rules 2017
266 Substituted vide Notf no. 36/2017-CT dt. 29.09.2017 for "ninety days of the appointed day"
267 Inserted vide Notf no. 36/2017-CT dt. 29.09.2017
268 Inserted vide Notf no. 34/2017 – CT dt. 15.09.2017