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
29/2018
Issued as the CGST (Seventh Amendment) Rules, 2018, this notification replaces r...
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