Amendment in Notification No. 5/2017- State Tax (Rate), issued in G.O. Ms No. 110, Revenue (CT-II) Department, Dt. 29-06-2017 - 20/2018 – State Tax (Rate) - Telangana SGST

GOVERNMENT OF TELANGANA Revenue (CT-II) Department G.O.Ms.No. 171 Dated: 20-08-2018 NOTIFICATION No. 20/2018 State Tax (Rate) In exercise of the powers conferred clause (ii) of the proviso to sub-section (3) of section 54 of the Telangana Goods and Services Tax Act, 2017 (Act. No 23 of 2017), the State Government, on the recommendations of the Council, hereby makes the following further amendments in the notification No. 5/2017- State Tax (Rate), issued in G.O. Ms No. 110, Revenue (CT-II) Department, Dt. 29-06-2017, published in Telangana Gazette Part-I, Extraordinary No. 191/A, Dt. 30-06-2017 and as amended from time to time, namely:- In the said notification, in the opening paragraph the following proviso shall be inserted, namely:- Provided that,- (i) nothing contained in this notification shall apply to the input tax credit accumulated on supplies received on or after the 1st day of August, 2018, in respect of goods mentioned at serial numbers 1, 2, 3, 4, 5, 6, 6A, 6B, 6C and 7 of the Table below; and (ii) in respect of said goods, the accumulated input tax credit lying unutilised in balance, after payment of tax for and upto the month of July, 2018, on the inward supplies received up to the 31st day of July 2018, shall lapse. . (BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA) SOMESH KUMAR PRINCIAPL SECRETARY TO GOVERNMENT