Amendment to Integrated Tax Rate Notification for Refund Eligibility · 23/2023- Integrated Tax (Rate)
CBIC / GST notification 23/2023- Integrated Tax (Rate) · 19 Oct 2023
Official title
23/2023- Integrated Tax (Rate) : Seeks to amend Notification No 05/2017- Integrated Tax (Rate) dated 28.06.2017
Official record
Open source pageSummary
Check the official recordWhat changed
The Central Government amends Notification No. 05/2017-Integrated Tax (Rate) to include imitation zari thread or yarn in the list of goods eligible for input tax credit refunds. This amendment adds imitation zari thread or yarn made from metallised polyester film or plastic film to the table of goods. The refund of input tax credit for this entry applies only to polyester film or plastic film. This change takes effect on 20 October 2023.
What you must do
- Taxpayers may claim refund of input tax credit for the specified goods subject to the condition that the refund applies only to polyester film or plastic film.
Key dates
- Effective from
- 20 Oct 2023
- Effective date of the notification
Document text
[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue)
Notification No. 23/2023- Integrated Tax (Rate)
New Delhi, the 19th October, 2023
G.S.R. (E).- In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 5/2017-Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 670(E), dated the 28th June, 2017, namely :- In the said notification, in the TABLE, after S. No. 6A and the entries relating thereto, following S.No. and the entries shall be inserted, namely:-
| (1) | (2) | (3) |
|---|---|---|
| “6AA. | 5605 | Imitation zari thread or yarn made out of Metallised polyester film /plastic film; |
Explanation: This entry shall apply for refund of input tax credit only on polyester film /plastic film”; |
- This notification shall come into force with effect from the 20th day of October, 2023.
[F. No. CBIC-190354/195/2023-TO(TRU-II)-CBEC]
Vikram Wanere Under Secretary
Note: - The principal notification No.5/2017- Integrated Tax (Rate), dated the 28th day of June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 670(E)., dated the 28th day of June, 2017, and was last amended by notification No. 9/2022 – Integrated Tax (Rate), dated the 13th July, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 560(E)., dated the 13th July, 2022.
Source details
- Source
- Central Board of Indirect Taxes and Customs / GST
- Type
- notification
- Published by source
- 19 Oct 2023
- Document number
- 23/2023- Integrated Tax (Rate)
- Issuing division
- Department of Revenue
- Effective date
- 20 Oct 2023
- Coverage area
- indirect-tax