Issued as the CGST (Amendment) Rules, 2018, this notification introduces wide-ranging amendments to the CGST Rules. Key changes include extension of ITC reversal period to 180 days, reduction in composition levy rates, prescription of valuation for lottery, betting and gambling, clarification on exempt supplies for ITC computation, facilitation of ISD credit transfer, insertion of rule 55A, major overhaul of refund provisions (rules 89 and 96), and substitution of rule 138 to operationalise the e-way bill system effective 01 February 2018. The notification significantly strengthens GST compliance, valuation, refund and movement control frameworks.

Amendment:

This notification amends notification No. 3/2017