CBIC amends Meaning of Advance Authorisation under Central Goods and Services Tax Act, 2017

Jan 16, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on January 15, 2019 has amended Notification No. 48/2017-Central Tax dated October 18, 2017 to amend the meaning of Advance Authorisation under Central Goods and Services Tax Act, 2017.

The following amendments in Notification No. 48/2017-Central Tax dated October 18, 2017 are as under:

·         In the Table, the column number (2) against S. No.1, after the entry which specifies Supply of goods by a registered person against Advance Authorisation, 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.”;

·         In the Explanation against serial number 1 the words “on pre-import basis” shall be omitted.

[Notification No. 1/2019-Central Tax]

 

URL: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-01-central-tax-english-2019.pdf;jsessionid=682BE0547AAC9A4BB125A99440D23467


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