Important Keyword: Corrigendum Notification 26/2018, GST gold exemption corrigendum, Notification 26/2018 correction, GST on gold export scheme, Nominated agency gold GST, Jewellery export GST rules, Section 11 CGST exemption, GST notification corrigendum, Gold supply GST India, Notification 26/2018 update,
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Table of Contents
[F.No.354/432/2018-TRU (pt)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi, the 31st January, 2019
Corrigendum to Notification No. 26/2018 - Central 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, in the Ministry of Finance (Department of Revenue), No.26/2018-Central Tax (Rate), dated the 31st December, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1263(E), dated the 31st December, 2018, at page 10, in line 33, for “32” read “34”.
(Gunjan Kumar Verma)
Under Secretary to the
Government of India
📚 Frequently Asked Questions (FAQs): Corrigendum Notification No. 26/2018 – Central Tax (Rate)
Q1: What is the corrigendum to Notification No. 26/2018?
Answer:
It is a correction issued on 31 January 2019 to fix a numerical reference in the original Notification 26/2018.
Q2: What exactly was corrected?
Answer:
The corrigendum replaced the reference number “32” with “34” in the original notification. 26 corri
Q3: Does this corrigendum change the GST exemption on gold?
Answer:
No.
It is only a technical correction and does not change the exemption benefits.
Q4: Who benefits from Notification No. 26/2018?
Answer:
Registered jewellery exporters receiving gold from nominated agencies for export purposes.
Q5: What is the legal provision behind this exemption?
Answer:
It is issued under Section 11(1) of the CGST Act, 2017, which allows GST exemptions in public interest.
Q6: What is the time limit for exporting jewellery?
Answer:
Jewellery must be exported within 90 days from the date of gold supply.
Q7: When must proof of export be submitted?
Answer:
Proof must be submitted within 120 days from the date of supply.
Q8: What happens if export proof is not submitted?
Answer:
The nominated agency must pay:
Applicable GST
Interest from the due date
Q9: Does this corrigendum affect exporters directly?
Answer:
No.
It only corrects a reference number and does not change compliance requirements.
Q10: Does this exemption apply to domestic sale of jewellery?
Answer:
No.
If jewellery is sold in India instead of exported, normal GST rules apply.
Q11: Who is considered a nominated agency?
Answer:
Entities listed in the relevant customs notification (corrected reference) such as:
Banks
Government agencies
Authorised bullion importers
Q12: Do exporters need to take any new action after this corrigendum?
Answer:
No major action is required.
They only need to continue following the conditions of Notification 26/2018.
Q13: How should this be reflected in GST returns?
Answer:
The exemption should be reported as:
Exempt or nil-rated supply
As per GST return instructions
Q14: Can small jewellery exporters use this exemption?
Answer:
Yes, if they:
Are registered under GST
Receive gold from a nominated agency
Export jewellery within the prescribed time
Q15: Where can exporters get help with GST compliance?
Answer:
You can consult experts at
👉 Finodha GST Compliance: https://finodha.in/gst-compliance/
for complete assistance.
Conclusion
The Corrigendum to Notification No. 26/2018 – Central Tax (Rate) is a technical correction that ensures proper reference to the relevant customs notification. It does not change the GST exemption on gold supplied to exporters by nominated agencies.
Download PDF: Corrigendum Notification No. 26/2018 – Central Tax (Rate)
More Information: https://taxinformation.cbic.gov.in/
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