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of <h1>India Amends Notification to Restrict Input Tax Credit on Specific Fabrics Under GST Act Effective November 2017.</h1> The Government of India, following the GST Council's recommendations, has amended Notification No. 5/2017-Union Territory Tax (Rate) dated 28th June 2017. This amendment, effective from 15th November 2017, restricts Input Tax Credit (ITC) on specific fabrics. The changes involve substituting entries in the notification's table, specifically for knotted netting of twine, corduroy fabrics, and narrow woven fabrics. These amendments are issued under the authority of the Central Goods and Services Tax Act, 2017, and the Union Territory Goods and Services Tax Act, 2017.
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