Notification No. 50/2017 - Integrated Tax (Rate) Explained

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Notification No. 50/2017 - Integrated Tax (Rate): Seeks to amend notification No. 30/2017-Integrated Tax (Rate) dated 22.09.2017, so as to extend the benefit of IGST exemption, applicable in relation to supply of Skimmed milk powder, or concentrated milk for use in the production of milk distributed through dairy co-operatives to the companies that are registered under the Companies Act, 2013 also.

GST: [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Goods and Services Tax Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 30/2017-Integrated Tax (Rate), dated the 22^nd September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1198 (E), dated the 22^nd September, 2017, namely:-

In the said notification, in Table in column (4), for the brackets and words “[for distribution through dairy cooperatives]”, the brackets, words and figures “[for distribution through dairy cooperatives or companies registered under the Companies Act, 2013 (18 of 2013)]”, shall be substituted.

2. This notification shall come into force on the 15th day of November 2017.

(Mohit Tewari )
Under Secretary to the
Government of India.

Note: - The principal notification No. 30/2017-Integrated Tax (Rate), dated the 22nd September, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1198 (E), dated the 22nd September, 2017.

📚 Frequently Asked Questions (FAQs): Notification No. 50/2017 — Integrated Tax (Rate)

Q1: What is Notification 50/2017 IGST?

Answer: It amends exemption rules.
Extends benefit to companies also.

Q2: What products are covered?

Answer: Skimmed milk powder and concentrated milk.
Used in dairy distribution.

Q3: Who can claim exemption now?

Answer: Co-operatives and companies.
Both are eligible after amendment.

Q4: What changed from earlier rule?

Answer: Inclusion of companies.
Earlier only co-operatives were covered.

Q5: What is the effective date?

Answer: 15 November 2017.
Applicable from this date.

Q6: Is this exemption automatic?

Answer: No.
Conditions must be satisfied.

Q7: Does it apply to all milk products?

Answer: No.
Only specified products.

Q8: What is the role of GST Council?

Answer: Recommends changes.
Government issues notification.

Q9: Can small businesses claim this?

Answer: Yes, if eligible.
Conditions must be met.

Q10: Is documentation required?

Answer: Yes.
Proof of use and supply needed.

Q11: What if wrongly claimed?

Answer: Tax liability may arise.
With interest and penalty.

Q12: Does it apply to exports?

Answer: Depends on case.
Separate provisions apply.

Q13: Is this still applicable?

Answer: Yes.
Unless amended further.

Q14: Why was this amendment needed?

Answer: To ensure fairness.
Avoid discrimination.

Q15: What is key takeaway?

Answer: Same product, same tax treatment.
Regardless of entity type.

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