Seeks to amend Notification No. 05/2017 (Rate) to give effect to the recommendations of the GST Council in it's 28th meeting held on 21.07.2018. - FTX.56/2017/Pt-III/144-20/2018 - Assam SGST

GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION No. 20/2018 The 24th September, 2018 No.FTX.56/2017/Pt-III/144:- In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of Assam in the Finance (Taxation) Department No.-S (FTX.56/2017/18 dated the 29th June, 2017), published in the Gazette of Assam, Extraordinary, vide number 339, dated the 29th June, 2017, 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 1 st 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 been issued on 27th day of July, 2018. RAJIV KUMAR BORA, Additional Chief Secretary to the Government of Assam, Finance Department.