Important Keyword: Corrigendum Notification 07/2018 IGST, Schedule III 18% correction, IGST rate amendment 2018, GST Gazette correction February 2018, Notification 7/2018 correction update,
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Table of Contents
[F.No.354/1/2018-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi, the 1st February, 2018
Corrigendum to Notification No. 07/2018 - Integrated Tax (Rate)
GST: [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
G.S.R. (E). - In the notification of the Government of India, Ministry of Finance (Department of Revenue), No.7/2018-Integrated Tax (Rate), dated the 25th January, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number
G.S.R. 84(E), dated the 25th January, 2018, -
- at page 21, in line 34, for “substituted” read “inserted”;
- at page 21, in line 37, for “substituted” read “inserted”;
- at page 23, in line 1, for “(C) in Schedule III-9%” read “(C) in Schedule III- 18%”.
(Ruchi Bisht)
Under Secretary to the
Government of India
📚 Frequently Asked Questions (FAQs): Corrigendum Notification No. 07/2018 – Integrated Tax (Rate)
Q1: What is the corrigendum to Notification No. 07/2018 – Integrated Tax (Rate)?
Answer:
It corrects drafting errors in the original notification issued on 25 January 2018. 07 corr
Q2: What was the major correction?
Answer:
Schedule III rate corrected from “9%” to “18%”. 07 corr
Q3: Why was “substituted” replaced with “inserted”?
Answer:
To clarify that entries were added, not replaced. 07 corr
Q4: Does corrigendum change GST rate?
Answer:
No policy change; only correction of drafting mistake.
Q5: From when is corrigendum effective?
Answer:
It clarifies original notification dated 25 January 2018.
Q6: Can wrong rate charged due to typo be defended?
Answer:
Taxpayer may face liability; corrigendum clarifies correct intent.
Q7: Does this impact ITC?
Answer:
Incorrect rate affects ITC availability and tax payment.
Q8: Should businesses revise past returns?
Answer:
If underpayment occurred, correction may be required.
Q9: Where is corrigendum published?
Answer:
Gazette of India, dated 1 February 2018. 07 corr
Q10: What happens if tax short paid?
Answer:
Interest under Section 50 + possible penalty.
Q11: Does corrigendum override notification?
Answer:
It corrects and forms part of original notification.
Q12: How to verify IGST schedule rates?
Answer:
Refer latest consolidated IGST rate notification.
Q13: Can department demand differential tax?
Answer:
Yes, if wrong rate applied.
Q14: Is professional advice required?
Answer:
Yes, especially for rate-sensitive goods.
Q15: Where can I get GST expert help?
Answer:
Consult Finodha GST Experts:
https://finodha.in/gst-compliance/
🏁 Conclusion
The Corrigendum to Notification No. 07/2018 – Integrated Tax (Rate) ensures clarity by correcting:
✔ Terminology errors (“inserted” vs “substituted”)
✔ Incorrect Schedule rate (9% corrected to 18%)
Even small drafting corrections can have major tax implications.
Download PDF: Corrigendum Notification No. 07/2018 – Integrated Tax (Rate)
More Information: https://taxinformation.cbic.gov.in/
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