Notification No. 05/2017
Date: June 28, 2017
Subject: Restriction on refund of unutilised input tax credit for specified goods.
Description:
This notification notifies a list of goods, including textiles and railway rolling stock items, in respect of which no refund of unutilised input tax credit shall be allowed where credit accumulates due to inverted duty structure. The restriction is imposed under section 54(3) of the CGST Act to prevent revenue leakage.
Issued for earlier notification?
No — issued independently under section 54(3).