Restriction of refund of un-utilised ITC u/s.54(3) of the KGST Act, 2017 in case of services of certain category. - 15/2017 - Karnataka SGST

FINANCE SECRETARIAT NOTIFICATION (15/2017) No. FD 48 CSL 2017, Bengaluru, dated: 29.06.2017. In exercise of the powers conferred by sub-section (3) of section 54 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) , the Government of Karnataka, on the recommendations of the Council hereby notifies that no refund of unutilised input tax credit shall be allowed under sub-section (3) of section 54 of the said Karnataka Goods and Services Tax Act , in case of supply of services specified in sub-item (b) of item 5 of Schedule II of the Karnataka Goods and Services Tax Act . 2. This notification shall come into force with effect from the 1st day of July, 2017. By order and in the name of the Governor of Karnataka, K.S. PADMAVATHI Under Secretary to Government, Finance Department (C.T.-1).