IGST and Compensation Cess Exemption Allowed in DFIA Cases under AA – Central Tax
Notification
·
AAL and Deemed
Exports Covered
·
Alternatively
Utilization in Factory with CA Certificate Must
·
IGST and CC to be
Paid if Goods Sold in Market
·
Facility Expires on
31 March 2019
[Central Tax Notification
No. 01 dated 15th January 2019]
In
exercise of the powers conferred by section 147 of the Central Goods and
Services Tax Act, 2017 (12 of 2017), the Central Government, on the
recommendations of the Council, hereby makes the following amendment in the
notification of the Government of India in the Ministry of Finance, Department
of Revenue No. 48/2017-Central Tax dated the 18th October, 2017 published in
the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 1305(E) dated the 18th October,
2017, namely:–
In
the said notification,
(i) In the Table, the column number (2) against S. No.1,
after the entry, the following proviso shall be inserted, namely: -
“Provided
that goods so supplied, when exports have already been made after availing
input tax credit on inputs used in manufacture of such exports, shall be used
in manufacture and supply of taxable goods (other than nil rated or fully
exempted goods) and a certificate to this effect from a chartered accountant is
submitted to the jurisdictional commissioner of GST or any other officer authorised by him within 6 months of such supply,;
Provided
further that no such certificate shall be required if input tax credit has not
been availed on inputs used in manufacture of export goods.”;
(ii)
In the Explanation against serial number 1 the words “on pre-import basis”
shall be omitted.
[F.
No. 20/06/17/2018-GST (Pt. I)]