[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] 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 notification No.5/2017-Central Tax (Rate), dated the 28th June, 2017 was 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.
-
CMA Data Specialist ( Online Course )Product on sale₹1,239
-
Import & Export Specialist ( Pen Drive Course )Product on sale₹11,800
-
Import & export ( new online course )Product on sale₹2,360
-
Tax Audit Specialist ( Online Course)Product on sale₹1,770
-
Custom Broker Exam PreparationProduct on sale₹11,799
-
GST Refund Specialist ( Online Course )Product on sale₹1,770
-
Busy Accounting Software ( Pen Drive Course )Product on sale₹9,439
-
Compu Tax ( Pen Drive Course )Product on sale₹7,080
-
Tally Prime ( Pen Drive Course )Product on sale₹8,260
- Advisory on Filing of Declaration In Annexure V by Goods Transport Agency (GTA) opting to pay tax under forward charge mechanism
- (no title)
- How To Prepare AOA For Pvt Ltd Company Articles Of Association | Company Registration ms word format
- Standard Operating Procedure for Scrutiny of Returns for FY 2019-20 onwards– reg.
- Advisory on due date extension of GST Returns for the state of Manipur
- Banking
- Budget & Finance Act
- Business & Industry
- busy
- Central Tax Notification
- Central Tax Rate Notification
- Companies Article & Updates
- Companies Court Case
- Companies law & Act
- Companies law notification
- Company
- Compensation Cess Notification
- COURSE OFFER
- Custom Act
- Custom Notification
- Custom Press Release
- CUSTOMS
- E-Way Bill
- GST
- GST
- GST Article & updates
- GST Circular
- GST court case law
- GST Practitioner
- GST Press release
- GST Return
- GST Rules & Act
- IGST UTGST/SGST Notification
- Import & Export
- Income tax
- Income Tax Act
- Income Tax case law
- Income Tax Circular
- Income tax notifications
- Income Tax Press Release
- Income Tax Return & Audit
- Income Tax Updates & Articles
- MCA Press Release
- Ministry of Finance
- msme
- Others
- RBI Notification
- RBI Press Release
- Tally & Busy Notes
- TDS & TCS
- Uncategorized
- Wages Act