CBIC rescind the Circular regarding Applicability of IGST / GST on goods transferred / sold while being deposited in a warehouse

Feb 01, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on February 01, 2019 has rescinded the Circular No. 46/2017-Customs dated November 24, 2017 regarding Applicability of IGST / GST on goods transferred / sold while being deposited in a warehouse.

Circular No. 03/01/2018-IGST dated May 25, 2018 which supersede the Circular No. 46/2017-Customs has been rescinded with effect from February 01, 2019.

It is therefore clarified that the Circular No. No. 46/2017-Customs dated November 24, 2017 stands rescinded on the date of Supersession by Circular No.03/01/2018-IGST dated May 25, 2018 that is with effect from April 01, 2018.

[Circular No. 04/ 2019-Customs]

URL: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2019/Circular-04-2019-Customs.pdf;jsessionid=371B8F628EC740BFE275062843441A67


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