No refund of unutilised UTGST ITC – Notification No. 5/2017-Union Territory Tax (Rate) Dated the 28th June, 2017

By | June 29, 2017
(Last Updated On: June 29, 2017)

Notification No. 5/2017-Union Territory Tax (Rate) Dated the 28th June, 2017

Specifying supplies of goods in respect of which no refund of unutilised input tax credit shall be allowed under section 54 (3) of CGST Act 2017  vide Notification No. 5/2017-Union Territory Tax (Rate) Dated the 28th June, 2017

[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.5/2017-Union Territory Tax (Rate)

New Delhi, the 28th June, 2017

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) read with section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) the Central Government, on the recommendations of the Council, hereby notifies the goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, heading, sub-heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said Table, in respect of which no refund of unutilised input tax credit shall be allowed, where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on the output supplies of such goods (other than nil rated or fully exempt supplies).

TABLE

Download Complete PDF Notification No. 5/2017-Union Territory Tax (Rate) Dated the 28th June, 2017

Related Topic on GST

TopicLink
GST Acts Central GST Act and States GST Acts
  
GST RulesGST Rules
 
GST RatesGST Rates
  
GST NotificationsGST Act Notifications
 
GST CircularsCentral Tax Circulars / Orders
 
GST Press ReleaseGST Press Release
 
GST BooksBest Books on GST in India
 
GST CommentaryTopic wise Commentary on GST Act of India
 
GST You Tube ChannelTaxHeal You Tube Channel
 
GST Online CourseJoin GST online Course
Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source
New Books Released on Tax , GST and law

2 thoughts on “No refund of unutilised UTGST ITC – Notification No. 5/2017-Union Territory Tax (Rate) Dated the 28th June, 2017

  1. Pingback: Section 21 UTGST Act 2017- Application of provisions of Central Goods and Services Tax Act - Tax Heal

  2. Pingback: Section 54 CGST Act 2017 - Refund of tax. - Tax Heal

Leave a Reply

Your email address will not be published. Required fields are marked *