Notifies the goods no refund of input tax credit shall be allowed, where the credit has accumulated on account of rate of tax on inputs - 05/2017-State Tax (Rate) - Manipur SGST

GOVERNMENT OF MANIPUR SECRETARIAT: FINANCE DEPARTMENT (EXPENDITURE SECTION) Notification No. 05/2017-State Tax (Rate) Imphal, the 28th June, 2017 No.5/19/2017-FD(TAX).- In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Manipur Goods and Services Tax Act, 2017 (3 of 2017) , the State Government. on the recommendations of the Council, hereby notifies the goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, heading, sub-heading or Chapter, as the case may be, as specified in the corresponding entry in (2) of the said Table, in respect of which no refund of input tax credit shall be allowed, where the credit has accumulated on account of rate of tax on inputs being higher than the rate Of tax on the output supplies of goods (other than nil rated or fully exempt supplies). Explanation . - In this Table, tariff item , sub-heading , heading and Chapter shall mean respectively a tariff item, sub-heading, heading or chapter, as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) . (2) The rules for the interpretation of the First Schedule to the said Customs Tariff Act, 1975 , including the Section and Chapter Notes and the General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of this notification. 2. This notification shall come into force with effect from the 1 st day of July, 2017. VIVEK KUMAR DEWANGAN, Commissioner (Finance), Government of Manipur.