Amendment Exempts Public Sector Undertakings from CGST

Central Government amends notification No. 50/2018-Central Tax, exempting public sector undertakings (PSUs) from CGST.

Amendment, recommended by the Council, takes effect from October 1, 2018. Proviso inserted post-existing proviso excludes supply of goods/services between PSUs from CGST purview.

Dr. Sree Parvathy S.L., Under Secretary to the Government of India, issues the amendment. Original notification published on September 13, 2018, and further amended on October 23, 2018.

Exemption aims to streamline transactions between PSUs, ensuring smoother operations. PSUs should comply with revised regulations starting October 1, 2018.