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Law Legends Outline :-

Central Government द्वारा GST Council की recommendations पर Notification no. 05/2023 Integrated Tax के through Notification No. 01/2023-Integrated Tax, dated the 31st July, 2023, को amend किया गया है जिसके अनुसार-

उपरोक्त notification में ,  portion  जो की start हो रहा है  with the words “all goods or services” और ending with the words “the refund of tax so paid:”, को with effect from 1st October, 2023 से below words से substitute किया गया है :-

“(i) all goods or services (except the goods specified in column (3) of the TABLE below) as the class of goods or services which may be exported on payment of integrated tax and on which the supplier of such goods or services may claim the refund of tax so paid; and

LAW LEGENDS OUTLINE: CBDT ने Assessment year 2021-22 के लिए Form number 10-IC file करने में Income tax act की section 119(2)(b) के तहत condonation of delay के सम्बन्ध में circular number 19/2023 जारी किया.

CBDT को ऐसे recommendations प्राप्त हुए हैं जिनमें कहा गया है कि A.Y. 21-22 के लिए form number 10-IC file नहीं किया जा सकता है। इन cases पर विचार करने पर, act की section 115BAA के तहत option का प्रयोग करके domestic companies को होने वाली genuine hardships से बचाने के लिए, CBDT ने act की section 119(2)(b) के तहत powers का use करते हुए, direct दिया कि  A.Y. 2021-22 के लिए rule 21AE के अनुसार form number 10-IC दाखिल करने में देरी को माफ कर दिया गया है जहां कुछ शर्तें पूरी होती हैं .

Applicability of Form 10-IC

Form 10-IC is required to filed only if a Domestic Company chooses to pay tax at concessional rate of 22% under Section 115BAA of the Income Tax Act,1961

https://incometaxindia.gov.in/communications/circular/circular-19-2023.pdf

Disclaimer:-The information available on this Website/Application is solely for informational purposes. We make no representation or warranties of any kind, express or implied about the accuracy, reliability, with respect to information and material or video available on Website/Application, any reliance you place on such information is therefore strictly at your own risk. We are not liable for any consequence of any action taken by you relying on the material/information provided on this Website/Application

 

 

 

 

 

LAW LEGENDS OUTLINE:

इस Circular में Income tax act की section 10A के clause (5) के साथ section 10AA के clause (8) के तहत accountant की report को समय पर file करने की आवश्यकताओं को पूरा करने में taxpayers और other stakeholders के सामने आने वाली difficulties को address किया है।. ये challenges 19 october, 2023 को संबंधित form 56F की notification के कारण arise हुईं।

CBDT ने Income tax act, 1961 की section 119 के तहत 20th October, 2023 को इन genuine hardships को remove करने के लिए Circular Number 18/2023 जारी किया है । इस circular में audit report file करने की due date के extension की announcement की गई है। section 10AA (8) की report को assessment year 2023-24 के लिए extend किया हैं और extended due date को section 44AB के तहत specified date से बढ़ाकर 31 December, 2023 कर दिया गया है।

Applicability of Section 10A & 10AA

  • Section 10A Special provision in respect of newly established industrial undertakings in free trade zones
  • Section 10AA of the Income Tax Act allows new businesses or units offering services in Special Economic Zones (SEZs) to enjoy income tax exemption and holidays

https://incometaxindia.gov.in/communications/circular/circular-18-2023.pdf

Disclaimer:-The information available on this Website/Application is solely for informational purposes. We make no representation or warranties of any kind, express or implied about the accuracy, reliability, with respect to information and material or video available on Website/Application, any reliance you place on such information is therefore strictly at your own risk. We are not liable for any consequence of any action taken by you relying on the material/information provided on this Website/Application

LAW LEGENDS OUTLINE:

Central Board of Direct Taxes, New Delhi, ने Income tax act, 1961 ("Income tax act") की Section 10(46) के तहत Notification No. 90/2023- Income Tax dated 19th October 2023,जारी की है। section 10 के clause (46) के अनुसार Punjab Dental Council, Mohali’ (PAN: AAAJP0976C, Punjab Government द्वारा गठित एक council है,  यह उन specific income sources की outline प्रस्तुत करता है जिनके लिए council को income tax से exemption प्राप्त है। इसमें doctors से registration or renewal receipt, साथ ही FDR’s पर Accrued interest भी शामिल है। हालाँकि, इसे अपनी tax-exempt status बनाए रखने के लिए conditions का सख्ती से पालन करना होगा। यह notification assessment years 2022-23 and 2023-24 के लिए retrospective रूप से applicable होती है, जिससे यह सुनिश्चित होता है कि specified period के लिए council’s income sources tax-exempt रहेंगे।

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 19th October, 2023

S.O. 4577(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Punjab Dental Council, Mohali’ (PAN: AAAJP0976C), a Council constituted by the Government of Punjab, in respect of the following specified income arising to that council, namely:

  1. Receipt of Registration/Renewal received from Doctors
  2. Interest income on accumulated surplus in the shape of F.D.R.s
  3. This notification shall be effective subject to the conditions that Punjab Dental Council, Mohali :-
    • shall not engage in any commercial activity;
    • activities and the nature of the specified income shall remain unchanged throughout the financial years; and
    • Shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
  4. This notification shall be deemed to have been applied for assessment years 2022-2023 and 2023-2024

Relevant to the financial years 2021-2022 and 2022-2023.

[Notification No. 90/2023   F.No.300196/11/2022-ITA-I]

VIKAS SINGH, Director (ITA-I)

Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect to this notification.

Reference: https://incometaxindia.gov.in/communications/notification/notification-90-2023.pdf

Disclaimer:-The information available on this Website/Application is solely for informational purposes. We make no representation or warranties of any kind, express or implied about the accuracy, reliability, with respect to information and material or video available on Website/Application, any reliance you place on such information is therefore strictly at your own risk. We are not liable for any consequence of any action taken by you relying on the material/information provided on this Website/Application

LAW LEGENDS OUTLINE: CBDT ने non-taxable remittance के लिए IFSC units को Form 15CA से exempt दी है और quarterly reporting के लिए Form 15CB introduce किया है। CBDT ने 16 October, 2023 की Notification Number 89/2023 के माध्यम से Income tax Rules, 1962 ("IT Rules") के Rule 37BB में amendment किया है। यह amendment निर्धारित करता है कि International Financial services centre (IFSC) units अब non-taxable remittance करते समय Form 15CA का Part D furnish करने के लिए obliged नहीं हैं। 1 January 2024 से, IFSC units अब Form 15CD में एक quarterly statement submit करने के लिए obliged हैं, जिसमें non residents या foreign companies को किए गए सभी remittance की details होगी। authorised dealer Form 15CC में quarterly statement submit करेंगे. Form 15CD form insert किया हैं जिसका format इस notification में बताया हैं.

           

Applicability of Rule 37BB

Furnishing of information for payment to a non-resident, not being a company, or to a foreign company.

 

 

MINISTRY OF FINANCE

 (DEPARTMENT OF REVENUE)

 (CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 16th October, 2023

G.S.R. 740(E).—In exercise of the powers conferred by sub-section (6) of section 195 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:─

  1. Short title and commencement– (1) these rules may be called the Income-tax Amendment (Twenty-fifth Amendment), Rules, 2023.

(2) They shall come into force with effect from the 1st day of January, 2024.

  1. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 37BB,–

 

 

  • in sub-rule (3), after clause (i), the following clause shall be inserted, namely:-

“(ia) the remittance is made by a Unit of an International Financial Services Centre referred to in sub- section (1A) of section 80LA; or”;

  • in sub-rule (4),–
    • in clause (i), after the words and brackets “Principal Director General of Income-tax (Systems)”, the words and brackets “or the Director General of Income-tax (Systems)” shall be inserted;
    • in clause (ii), after the words and brackets “Principal Director General of Income-tax (Systems)”, the words and brackets “or the Director General of Income-tax (Systems)” shall be inserted;
  • in sub-rule (6), after the words and brackets “Principal Director General of Income-tax (Systems)”, the words and brackets “or the Director General of Income-tax (Systems)” shall be inserted;
  • for sub-rule (7), the following sub-rule shall be substituted, namely:-

“(7) A quarterly statement, for each quarter of the financial year shall be furnished in respect of all remittances referred to in sub-rules (1), (2) and sub-rule (3) by,–

  • the authorised dealer in Form 15CC;
  • a Unit of an International Financial Services Centre referred to in sub-section (1A) of section 80LA, responsible for paying to a non-resident, not being a company, or to a foreign company, in Form 15CD,to the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or the person authorised by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) electronically under digital signature within fifteen days from the end of the quarter of the financial year to which such statement relates in accordance with the procedures, formats and standards specified by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) under sub-rule (8).”;
    • for sub-rule (8), the following sub-rule shall be substituted, namely:-

“(8) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of Form No. 15CA, Form No. 15CB, Form No. 15CC and Form No. 15CD and shall be responsible for the day-to-day administration in relation to the furnishing and verification  of information, certificate and quarterly statement in accordance with the provisions of sub-rules (4), (6) and sub-rule (7).”;

  • for the Explanation, the following Explanation shall be substituted, namely:- ‘Explanation.— For the purposes of this rule,–
  • “authorised dealer” means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999);
  • “International Financial Services Centre” shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005);
  • “Unit” shall have the same meaning as assigned to it in clause (zc) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).’
  1. In the principal rules, in Appendix-II, after Form 15CC, the following Form shall be inserted, namely:-

“Form No. 15CD (See rule 37BB) [e-Form]

Quarterly statement to be furnished by a unit of an International Financial Services Centre, as referred to in sub- section (1A) of section 80LA, in respect of remittances, made for the quarter of ………….. Of............................................................................................................................................................................................ (Financial

Year)

 

 

  1. Name of the Unit:…………………………………………………………………………………….
  2. Permanent account number of the Unit:……………………………………......................................
  3. Tax deduction/collection account number of the Unit:……………………………………………….
  4. Status of the Unit:……………………………………………………………………………………..
  5. Residential status of the Unit:…………………………………………………………………………
  6. Complete address, email and phone number of the Unit:……………………………………………...
  7. Details of remittances made:

 

 

Sl.

No.

 Details of the remitter, if different from the Unit

referred in 1 above

 Name of the remittee Permanent account number# or Aadhar#

Number of the remittee

 Complete address, email# and phone number# of the remittee Country of which the remittee is resident# Country to which remittance is made Date of remittance Amount of remittance Nature of remittance Purpose Code as per RBI$
Name of the remitter Permanent account number of the

remitter

 Country Currency In foreign Currency In Indian Rs.
                         

Verification

 

I,                             (full name in block letters), son/daughter of............................. solemnly declare that to the best of my

Knowledge and belief, the information given above are correct and complete.

and/or

(Applicable in case where the Unit referred in 1 is the remitter)

 

I/We*,                               

(Full   name   in   block   letters),   son/daughter   of                                  in   the   capacity   of

 

                             (Designation) solemnly declare that the information given above is true to the best of my/our* knowledge and belief and no relevant information has been concealed. In a case where it is found that the tax actually deductible on the amount of remittance has not been deducted or after deduction has not been paid or not paid in full, I/We* undertake to pay the amount of tax not deducted or not paid, as the case may be, along with the interest due. I/We* shall also be subject to the provision of penalty for the said default as per the provisions of the Income-tax Act, 1961.

 

I/We* further undertake to submit the requisite documents for enabling the income-tax authorities to determine the nature and amount of income of the recipient of the above remittance as well as documents required for determining my/our* liability under the Income-tax Act as a person responsible for deduction of tax at source.

 

 

Place:                                                                                                                                 Signature: ……………………………

 

 

Date:                                                                                                                              Name and Designation: …………………

 

 

 

 

# If available

$ If applicable

  • Delete whichever is not applicable”.

[Notification No. 89 /2023/ F.No.370142/36/2023-TPL]

SOURABH JAIN, Under Secy.

Note. -The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969(E), dated the 26th March, 1962 and was last amended vide notification number G.S.R. 728(E), dated 10th October, 2023

Reference: https://incometaxindia.gov.in/communications/notification/notification-89-2023.pdf

 

Disclaimer:-The information available on this Website/Application is solely for informational purposes. We make no representation or warranties of any kind, express or implied about the accuracy, reliability, with respect to information and material or video available on Website/Application, any reliance you place on such information is therefore strictly at your own risk. We are not liable for any consequence of any action taken by you relying on the material/information provided on this Website/Application.

LAW LEGENDS OUTLINE: CBDT ने 19th October, 2023 को Notification Number 91/2023 issue किया, जिसमें income tax  (26th amendment) rules, 2023 के माध्यम से Income tax Rules, 1962 में एक नया rule 16D पेश किया गया। इस rule में Income tax act, 1961  की section 10AA(8) के साथ, IT की section 10A(5) के तहत chartered accountant form no. 56F की report को file करेंगे ,  CBDT ने Income Tax act की section 10AA के तहत deduction का claim करने वाले assessee द्वारा प्रस्तुत किए जाने वाले Form No. 56F को notify किया है।

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 19th October, 2023

INCOME-TAX

G.S.R. 786(E).—In exercise of the powers conferred by sub-section (5) of section 10A read with sub-section

(8) of section 10AA and section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes the following rules further to amend the Income-tax Rules,1962, namely:─

  1. Short title and commencement.––(1) These rules may be called the Income-tax (Twenty Sixth Amendment) Rules, 2023.

(2) They shall be deemed to have come into force from the 29th day of July, 2021.

  1. In the Income-tax Rules, 1962 (hereinafter referred to as principal rules), after rule 16CC, the following rule shall be inserted, namely:––

"16D. Form of report for claiming deduction under section 10AA.—The report of an accountant which is required to be furnished by the assessee, under sub-section (8) of section 10AA read with sub-section (5) of section 10A shall be in Form No. 56F.".

  1. In the principal rules, in rule 130,–
    • in sub-rule (1), the figures and letter“16D”, shall be omitted;
    • in sub-rule (2), the figures and letter“56F”, shall be
  2. In the principal rules, in Appendix II, after Form No.56E [as it stood immediately before its omission by the Income-tax (21st Amendment) Rules, 2021], the following Form shall be inserted, namely:–

“FORM NO. 56F

[See rule 16D]

Report under section 10AA of the Income -tax Act, 1961

  1. I/We * have examined the accounts and records of (name and address of the assessee with permanent account number) relating to the business of their Unit named                                   engaged in the export of articles or things or provision of services during the year ended on the 31st March                                         .
  2. * I/We certify that the Unit is located at (exact location of the Unit) registered under                                                                     special economic zone * and that the deduction to be claimed by the assessee under section 10AA of the Income-tax Act, 1961 in respect of the assessment year          is                                      , which has been determined on the basis of the details in Annexure A to this Form.
  3. I/We * certify that I/We * have collected all the relevant information necessary for computing the deduction allowable under this section and have verified the same with reference to the accounts and records of the
  4. In my/our * opinion and to the best of my/our * knowledge and according to the explanations given to me/us*, the particulars given in the Annexure A are true and

Date                                                                                                                                               Signed

 

† Accountant

Notes:

  1. *Delete whichever is not applicable
  2. † This report is to be given by a Chartered Accountant within the meaning of the Chartered Accountant Act, 1949 (38 of 1949);
  3. Where any of the matter stated in this report is answered in the negative or with a qualification, the report shall state the reasons

ANNEXURE A

[See paragraph 2 of Form 56F]

Details relating to the claim by the exporter for deduction under section 10AA of the Income -tax Act, 1961

  1. Name of the assessee
  2. Assessment year
  3. Name of the Unit
  4. Location and address of the Unit
  5. Nature of business of the Unit
  6. Date of initial registration in SEZ
  7. Date of commencement of manufacture or production or provision of services
  8. Number of the consecutive year for which the deduction is claimed
  9. Total turnover of the business
  10. Total turnover of the Unit
  11. Total profits derived by the business
  12. Total profits derived by the Unit
  13. Total export turnover
  14. Export proceeds received in convertible foreign exchange of the Unit in respect of
    • articles or things, or
    • provision of services
  15. Sale proceeds of the Unit in respect of
    • articles or things, or
    • provision of services
  16. Please specify
  • whether the full consideration in convertible foreign exchange for exports made by the Unit was brought into India within a period of six months from the end of the previous year
  • If not, whether it was brought into India within such further period in the previous year as allowed by the competent authority
  • Specify the amount and the relevant previous year in case such amount is brought into India in convertible foreign exchange beyond the period of six months from the end of relevant previous year and with the approval of the Competent authority, where such amount relates to any other previous Also state the name of the authority and the period up to which the approval was accorded
  • Amount of sale proceeds, if any, that are credited to a separate account maintained by the assessee with any bank outside India and the reference number of Reserve Bank of India according to permission of the same
  1. Amount of deduction under section 10AA to which the assessee is entitled with the working sheet
  2. Qualifications, if any, on the above”.

[Notification No. 91 /2023/F. No. 370142/40/2023-TPL] AMRIT PRITOM CHETIA, Under Secy.

Explanatory Memorandum : It is certified that no person will be adversely affected by giving retrospective effect to the Income-tax (Twenty Sixth Amendment) Rules, 2023

Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Subsection (ii)

vide notification number S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification number

G.S.R. 740(E), dated 16th October, 2023.

Reference: https://incometaxindia.gov.in/communications/notification/notification-91-2023.pdf

Disclaimer:-The information available on this Website/Application is solely for informational purposes. We make no representation or warranties of any kind, express or implied about the accuracy, reliability, with respect to information and material or video available on Website/Application, any reliance you place on such information is therefore strictly at your own risk. We are not liable for any consequence of any action taken by you relying on the material/information provided on this Website/Application

Law Legends Outline :-

Central Government के द्वारा council की recommendations पर Notification No. 13/2023 Central Tax Rate के द्वारा No.12/2017- Central Tax (Rate), dated  28th June, 2017  को amend किया गया है जिसके अनुसार उपरोक्त Notification में table में –

1.   Serial No. 3A के बाद Serial No. 3B को insert किया गया है-

(1) (2) (3) (4) (5)
 3B Chapter 99 Services  provided  to    a Governmental Authority by way of -

(a)     water supply;

(b)     public health;

(c)     sanitation conservancy;

(d)    solid waste management; and

slum improvement and upgradation

 

 Nil Nil

GST council ने water supply की service को भी छूट देने की सिफारिश की है, यदि public health, sanitation conservancy, solid waste management and slum improvement and upgradation, से related service Governmental Authorities को provide की जाती है.

2.   Serial number 6 के सामने  column (3),in item (a), में  words “Department of Posts”, के बाद  words and brackets “and the Ministry of Railways (Indian Railways)”  को insert किया गया है.

3.   Serial number 7,के सामने  column (3),  in the Explanation, in item (a), in sub-item(i), में words “Department of Posts” के बाद  the words and brackets “and the Ministry of Railways (Indian Railways)” को insert किया गया है.

4.   Serial number 8 के सामने column (3) in the proviso, in item (i), में  words “Department of Posts”, के बाद the words and brackets “and the Ministry of Railways (Indian Railways)” को insert किया गया है.

5.   Serial number 9, के सामने  column (3), में  in the first proviso, in item (i), में  words “Department of Posts” के बाद   the words and brackets “and the Ministry of Railways (Indian Railways)” को insert किया गया है.

Indian Railways के द्वारा supply की गई all goods and services पर forward charge Mechanism के अन्दर GST charge किया जायेगा.

यह Notification 20th October 2023 से  effective होगा.

Notification No. 13/2023 - Central Tax  Rate :

Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017

 

In exercise of the powers conferred by sub-sections (3) and (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following amendment further to amend the notification of the Government of India, Ministry of Finance (Department of Revenue), No.12/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 691(E), dated the 28th June, 2017, namely:-

 

In the said notification, in the Table, -

 

  1. after serial number 3A and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(1) (2) (3) (4) (5)
“3B Chapter 99 Services            provided       to            a           Governmental Authority by way of -

(a)      water supply;

(b)      public health;

(c)       sanitation conservancy;

(d)      solid waste management; and

(e)       slum improvement and upgradation.

 Nil Nil”;

 

  1. against serial number 6, in column (3),in item (a), after the words “Department of Posts”, the words and brackets “and the Ministry of Railways (Indian Railways)” shall be inserted
  2. against serial number 7, in column (3), in the Explanation, in item (a), in sub-item(i), after the words “Department of Posts”, the words and brackets “and the Ministry of Railways (Indian Railways)”shall be inserted;
  3. against serial number 8, in column (3)in the proviso, in item (i), after the words “Department of Posts”, the words and brackets “and the Ministry of Railways (Indian Railways)” shall be inserted;
  4. against serial number 9,in column (3), in the first proviso, in item (i), after the words “Department of Posts”, the words and brackets “and the Ministry of Railways (Indian Railways)” shall be inserted;

This notification shall come into force with effect from the 20th day of October, 2023.

Note: The principal notification no. 12/2017 - Central Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 691 (E), dated the 28th June, 2017 and was last amended vide notification no. 07/2023 - Central Tax (Rate), dated the 26th July, 2023 published in the Gazette of India, Extraordinary, Part II , Section 3 , Sub-section (i) vide number G.S.R. 540(E), dated the 26th July, 2023

Law Legends Outline :-

Central Government के द्वारा council की recommendations पर Notification No. 15/2023 Central Tax Rate के द्वारा No.15/2017- Central Tax (Rate), dated  28th June, 2017  को amend किया गया है जिसके अनुसार–

Central Goods and Services Tax Act  के Schedule -  II,  item 5 sub item b में - The words, “of construction of a complex, building or a part thereof, intended for sale to a buyer, wholly or partly, where the amount charged from the recipient of service includes the value of land or undivided share of land, as the case may be, except where the entire consideration has been received after issuance of completion certificate , where required , by the competent authority or after its first occupation , whichever is earlier” को substitute किया गया है.

यह Notification 20th October 2023 से  effective होगा.

Notification No. 15/2023 - Central Tax  Rate :

Seeks to amend Notification No 15/2017- Central Tax (Rate) dated 28.06.2017

In exercise of the powers conferred by sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 15/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i), vide number G.S.R. 694(E), dated the 28th June, 2017, namely:-

In the said notification, in opening paragraph , for the words, brackets, letters and figures “specified in sub- item (b) of item 5 of Schedule II of the Central Goods and Services Tax Act”, the words, “of construction of a complex, building or a part thereof, intended for sale to a buyer, wholly or partly, where the amount charged from the recipient of service includes the value of land or undivided share of land, as the case may be, except where the entire consideration has been received after issuance of completion certificate , where required , by the competent authority or after its first occupation , whichever is earlier”, shall be substituted.

2.This notification shall come into force with effect from the 20th October, 2023                              

Note:-The principal notification no. 15/2017-Central Tax (Rate), dated the 28th June,2017 was published in the Gazette of India, Extraordinary, vide number G.S.R. 694(E),dated the 28th June, 2017.

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Central Government के द्वारा council की recommendations पर Notification No. 16/2023 Central Tax Rate के द्वारा No.17/2017- Central Tax (Rate), dated the 28th June, 2017  को amend किया गया है जिसके अनुसार उपरोक्त Notification में –

  1. clause (i) में words “omnibus or any other motor vehicle”, words  को “or any other motor vehicle except omnibus” word से  substitute किया गया है.

Central Goods and Services Tax Act, 2017 के section 9 के sub section (1), sub section (3) , sub section (4) section 11 के sub section (1), section 15 के sub section (5), section 16 के sub section (1) and section 148  मे दी गई powers को use करते हुए, Central Government, द्वारा council की recommendation पर  Notification no.  11/2017-Central Tax (Rate), dated the 28th June, 2017, में amendment किया गया है.

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