Notification No 20/2018 Central Tax (Rate) : Amendment in Notification No 05/2017-Central Tax (Rate)

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(Last Updated On: August 4, 2018)

Notification No 20/2018 Central Tax (Rate)

Summary of Notification No 20/2018 Central Tax (Rate)

Notification No 20/2018 Central Tax (Rate) Dated 26th July, 2018 Seeks to amend Notification No 05/2017-Central Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018

Read Notification No 20/2018 Central Tax (Rate)

[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.

 

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Notification No 20/2018 Central Tax (Rate)

Notification No 20/2018 Central Tax (Rate), Download Notification No 20/2018 Central Tax (Rate), read Notification No 20/2018 Central Tax (Rate),Notification No 20/2018 CT(Rate)

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  1. Pingback: All New GST Notifications 26.07.2018 Issued by CBIC - Tax Heal

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