CGST Rule 120 – Details of goods sent on approval basis [Updated 2019]

CGST Rule 120 – 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 [1][the period specified in rule 117 or such further period as extended by the Commissioner], submit details of such goods sent on approval in FORM GST TRAN-1.

CGST Rule 120A – Revision of declaration in FORM GST TRAN-1

[2][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- 1 electronically 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.]


[1] Substituted for the words “ninety days of the appointed day” by the Central Goods and Services Tax (Eighth Amendment) Rules, 2017 w.e.f. 29/09/2017. – Date of Amendment : 29-09-2017, Effective from : 29-09-2017, Retrospective Effect : No

[2] Rule 120A inserted by the Central Goods and Services Tax (Seventh Amendment) Rules, 2017 w.e.f 15/09/2017. – Date of Amendment : 15-09-2017, Effective from : 15-09-2017, Retrospective Effect : No

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.