Summary of Amendments to Notification No. 1/2017 - Central Tax (Rate)

Notification Details: G.S.R. (E) Notification amending the Central Goods and Services Tax Act, 2017. Refers to the amendment in the notification No. 1/2017 - Central Tax (Rate), dated 28th June 2017.

Amendments Introduced: Amendment in Schedule IV: Insertion of a new entry after S. No. 227, introducing S. No. 227A with related entries. This pertains to specified actionable claims involving betting, casinos, gambling, horse racing, lottery, or online money gaming. Omission of S. No. 228 and 229 along with their related entries.

Amendment in the Explanation: Addition of a new clause (v) specifying that words and expressions used and not defined in this notification but defined in the Central Goods and Service Tax Act, 2017; the Integrated Goods and Services Tax Act, 2017; and the Union Territory Goods and Services Tax Act, 2017, shall have the same meanings as assigned to them in those Acts.

Effective Date: The amendments come into force on the 1st day of October, 2023.

Issuing Authority: The notification is issued by Rajeev Ranjan, Under Secretary to the Government of India.

These amendments primarily involve the introduction of a new entry related to specified actionable claims and the omission of certain entries in Schedule IV. 

Additionally, a new clause is added to the Explanation regarding the meanings of words and expressions not defined in this notification but defined in other related Acts. The effective date for these amendments is October 1, 2023.