seeks to amend notification no. 5/2017- Integrated tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding restriction of ITC on certain fabrics. - 46/2017 - Integrated GST (IGST) Rate
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Restriction of input tax credit on specified textile fabrics implemented by amendment to IGST tariff entries. Amendment to the IGST Rate Notification substitutes the prior Sl. No. 6A entries with new tariff descriptions identifying knotted netting and made-up nets of textile materials, corduroy fabrics, and certain narrow woven fabrics assembled without weft, thereby implementing the Council's decision to restrict input tax credit for those textile categories and aligning the IGST schedule with that policy.
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Restriction of input tax credit on specified textile fabrics implemented by amendment to IGST tariff entries.
Amendment to the IGST Rate Notification substitutes the prior Sl. No. 6A entries with new tariff descriptions identifying knotted netting and made-up nets of textile materials, corduroy fabrics, and certain narrow woven fabrics assembled without weft, thereby implementing the Council's decision to restrict input tax credit for those textile categories and aligning the IGST schedule with that policy.
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