Notification No. 09/2019
Date: April 1, 2019
Subject: Amendment to Notification No. 02/2019–CT (Rate) prescribing ITC reversal conditions for persons opting for composition rate.
Description:
Summary:
This notification mandates reversal of input tax credit on inputs, semi-finished goods, finished goods and capital goods where a registered person having availed ITC opts to pay tax under the composition scheme for real estate projects. Remaining ITC balance shall lapse after reversal.
Issued for earlier notification?
Yes — amends Notification No. 02/2019–Central Tax (Rate).
Other Notifications
08/2018
This notification provides a concessional GST rate on supply of old and used mot...
Read More04/2019
This notification inserts new exemption entries for transfer of development righ...
Read More01/2018
Issued under section 10(1) of the CGST Act, this notification amends Notificatio...
Read More