Amendment to GST Notification: Changes in Input Tax Credit Provisions

Central Government amends notification 02/2019-Central Tax (Rate) under CGST Act, 2017. Recommendations from the Council lead to changes in input tax credit provisions.

Registered persons opting to pay tax under this notification must pay equivalent input tax credit amount.

Debit in electronic credit or cash ledger required for input tax on stock and capital goods. Balance of input tax credit in electronic ledger to lapse after payment.

Central Goods and Services Tax Rules, 2017, applicable to persons paying tax under section 10, now apply under this notification. Pramod Kumar, Deputy Secretary to the Government of India, issues the notification effective from April 1, 2019.