Amendment in Notification No. SRO-CST-5 dated 08-07-2017 - SRO-GST- 44 (Rate) - Jammu and Kashmir SGST

Government of Jammu and Kashmir Finance Department Civil Secretariat, Srinagar Notification Srinagar, the 31th August, 2018 SRO-GST- 44 (Rate). - In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017), the State Government, on the recommendations of the Council, hereby makes the following further amendments in the notification SRO No. SRO-CST-5 dated 08-07-2017, namely:- 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. . This notification shall be deemed to have come into force w.e.f. 27 th day of July, 2018, By order of the Government of Jammu Kashmir. Sd/- (Navin K. Choudhary), IAS Principal Secretary to Government Finance Department