Amendment in Notification No. 281/2019 dated 09/04/2019 - 426/2019/04(120)/XXVII(8)/2019/CTR-09 - Uttarakhand SGST

Government of Uttarakhand Finance Section-8 No. 426/2019/04(120)/XXVII(8)/2019/CTR-09 Dehradun : Dated: 31 May, 2019 Notification WHEREAS, the State Government is satisfied that it is expedient so to do in public interest; NOW, THEREFORE, In exercise of the powers conferred by sub-section (1) of section 9, sub-section (1) of section 11 and sub-section (1) of section 16 of the Uttarakhand Goods and Services Tax Act, 2017 (Act No. 06 of 2017) (herein after referred to as the said Act ), the Governor, on the recommendations of the Council, is pleased to allow to make the following ; amendments in the notification of the Government of Uttarakhand, Finance Section-8 No. 281/2019 dated 09/04/2019 namely:- In the said notification, - (i) in the Table, in column 3, after clause 7, the following clause shall be inserted, namely:- 8. Where any registered person who has availed of input tax credit opts to pay tax under this notification, he shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock and on capital goods as if the supply made under this notification attracts the provisions of section 18(4) of the said Act and the rules made there-under and after payment of such amount, the balance of input tax credit, if any, lying in his electronic credit ledger shall lapse. , (ii) in paragraph 3, in the Explanation, after clause (ii), the following clause shall be inserted, namely: - (iii) the Uttarakhand Goods and Services Tax Rules, 2017, as applicable to a person paying tax under section 10 of the said Act shall, mutatis mutandis, apply to a person paying tax under this notification. 2. This notification shall come into force from the 1st day of April, 2019. (Amit Singh Negi) Secretary