|
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 20/2018-Central Tax (Rate)
New Delhi, the 26th July, 2018
G.S.R. (E).- In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3)
of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central
Government, on the recommendations of the Council, hereby makes the following further
amendments in the notification of the Government of India in the Ministry of Finance
(Department of Revenue),
No.5/2017-Central Tax (Rate), dated the 28th June, 2017, published in
the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.
677(E), dated the 28th June, 2017, namely:-
In the said notification, in the opening paragraph the following proviso shall be inserted,
namely:-
“Provided that,-
(i) nothing contained in this notification shall apply to the input tax credit accumulated on
supplies received on or after the 1st day of August, 2018, in respect of goods mentioned
at serial numbers 1, 2, 3, 4, 5, 6, 6A, 6B, 6C and 7 of the Table below; and
(ii) in respect of said goods, the accumulated input tax credit lying unutilised in balance,
after payment of tax for and upto the month of July, 2018, on the inward supplies
received up to the 31st day of July 2018, shall lapse.”.
[F.No.354/ 255 /2018-TRU]
(Gunjan Kumar Verma)
Under Secretary to the Government of India
Note: - The principal
No.5/2017-Central Tax (Rate), dated the 28th
June, 2017was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number
G.S.R. 677(E), dated the 28th June, 2017 and last amended vide
notification No. 44/2017-Central
Tax(Rate) dated the 14th November, 2017
published in the Gazette of India, Extraordinary, Part
II, Section 3, Sub-section (i) vide number G.S.R. 1390(E), dated the 14th November, 2017
|