Summary of Amendments to Notification No. 11/2017 - 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. 11/2017 - Central Tax (Rate), dated 28th June 2017.
Amendments Introduced:
Amendment against serial number 8 in the Table:
Insertion of a new condition after the existing condition for the rate of 2.5%. This new condition restricts the input tax credit if the supplier of input service in the same line of business charges central tax at a rate higher than 2.5%.
An illustrative example is provided to explain the application of this condition.
Amendment against serial number 10 in the Table:
Insertion of a new condition after the existing condition for the rate of 2.5%. Similar to the amendment for serial number 8, this condition restricts input tax credit in case the supplier of input service charges central tax at a rate higher than 2.5%.
An illustrative example is provided.
Omission of serial numbers 696 and 698 along with their entries in the Annexure: Scheme of Classification of Services.
Amendment in serial number 34 in the Table:
Modification of language in item (iv) by substituting the words "totalisator or a license to" with "licensing a."
Omission of item (v) and related entries.
Effective Date:
The amendments come into force from the 20th day of October, 2023.
Issuing Authority:
The notification is issued by Rajeev Ranjan, Under Secretary to the Government of India.
Note on Principal Notification:
Refers to the original notification No. 11/2017 - Central Tax (Rate), dated 28th June 2017.
Mention of the last amendment vide notification no. 06/2023 - Central Tax (Rate), dated 26th July 2023.
These amendments primarily introduce new conditions regarding input tax credit for certain services and make modifications to the classification of services in the Annexure. The effective date for these amendments is October 20, 2023.