This circular provides a corrigendum to Circular No. 23/23/2017-GST dated 21 December 2017, by clarifying the scope of its applicability in respect of input tax credit claimed by auctioneers.

It amends paragraph 4 of the earlier circular to clarify that the provisions relating to maintenance of books of accounts for auction-based supplies of goods such as tea, coffee, rubber, etc. shall apply irrespective of whether the auctioneer claims input tax credit on supplies received from the principal before or after the auction. The essential condition remains that the goods are supplied only through the auction mechanism.

This corrigendum removes ambiguity regarding the timing of supply between the principal and the auctioneer for the purpose of eligibility and applicability of the earlier clarification, and ensures uniform interpretation and implementation of the provisions concerning maintenance of records and availing of input tax credit in auction-based transactions.