This notification amends Notification No. 8/2017–Integrated Tax (Rate) by clarifying that a landowner-promoter is eligible to utilise input tax credit charged by the developer-promoter for payment of tax on apartments supplied by the landowner in a real estate project. It also inserts a new concessional rate entry of 5% for maintenance, repair or overhaul services in respect of ships and other vessels, their engines and components. The amendment provides clarity and sector-specific relief.

Issued for earlier notification?
Yes — it amends Notification No. 8/2017–Integrated Tax (Rate).