Amendment in Notification:
Notification No. 13/2017 -Central Tax (Rate) dated 28th June 2017 is further amended.
Explanation Clause Modification:
In the Explanation section, specifically in clause (h), the words "and State Legislatures" are replaced with ", State Legislatures, Courts and Tribunals."
Effective Date:
The amendment is effective from 1st March 2023.
Objective:
Broadening the scope of Input Tax Credit (ITC) by extending it to transactions involving Courts and Tribunals, in addition to the earlier inclusion of Parliament and State Legislatures.
Legislative Background:
This change builds upon previous amendments up to 13th July 2022 (Notification No. 05/2022 -Central Tax (Rate)).
Ensuring Comprehensive ITC Availability:
The modification aims to ensure businesses can claim ITC for transactions related to not only Parliament and State Legislatures but also Courts and Tribunals.
Note: Detailed information is available in the official gazette for Notification No. 13/2017 -Central Tax (Rate).