Seeks to amend notification G.O. (P) No.66/2017/TAXES, dated 30th June, 2017

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..... 017 and published as S.R.O. No. 364/2017 in the Kerala Gazette Extraordinary No. 1354 dated 30th June, 2017, namely :- In the said notification, (i) in the opening paragraph, in the proviso, in clause (i), for the words and figure serial numbers 1 , the words, figure and letters serial numbers 1AA shall be substituted; (ii) in the TABLE, Sl. No. 1 shall be re-numbered as Sl. No. 1AA, and before Sl. No. 1AA as so re-numbered, the following serial numbers and entries shall be inserted, namely :- (1) (2) (3) 1A. 1507 Soya-bean oil and its fractions, whether or not refined, but not chemically modified .....

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..... 1516 Vegetable fats and oils and their fractions, partly or wholly hydrogenated, inter- esterified, re-esterified or elaidinised, whether or not refined, but not further prepared. 1K. 1517 Edible mixtures or preparations of vegetable fats or vegetable oils or of fractions of different vegetable fats or vegetable oils of this Chapter, other than edible fats or oils or their fractions of heading 1516 1L. 1518 Vegetable fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of h .....

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..... higher than the rate of tax on the output supplies of such goods (other than nil rated or fully exempt supplies) under clause (ii) of the first proviso to sub-section (3) of the section 54 as per the notification issued under G.O. (P) No. 66/2017/TAXES, dated 30th June, 2017 and published as S.R.O. No. 364/2017 in the Kerala Gazette Extraordinary No. 1354 dated 30th June, 2017. Now, on the recommendation of the Goods and Services Tax Council, the Government of Kerala have decided to notify certain goods in respect of which no refund of unutilised input tax credit shall be allowed, where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on the output supplies of such goods (other than nil ra .....

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