Notification No. 21/2018
Date: July 26, 2018
Subject: Restriction and lapse of accumulated ITC for specified goods.
Description:
This notification amends Notification No. 5/2017–Integrated Tax (Rate) by providing that refund of accumulated ITC shall not apply to inputs received on or after 1 August 2018 for specified goods. It further mandates lapse of unutilised ITC balance relating to such goods accumulated up to July 2018.
Issued for earlier notification?
Yes — it amends Notification No. 5/2017–Integrated Tax (Rate).