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of <h1>India Extends Deadline for Promoters to Opt for Old Tax Rates with ITC in GST Amendments.</h1> The Government of India has issued Notification No. 10/2019-Central Tax (Rate) to amend Notification No. 11/2017-Central Tax (Rate), extending the deadline for promoters to opt for paying tax at the old rates of 12% or 8% with Input Tax Credit (ITC). The amendment changes the date from the '10th' to the '20th' in specified entries of the notification table and Annexure IV. This amendment is made under various sections of the Central Goods and Services Tax Act, 2017, based on recommendations from the Council, and is deemed necessary in the public interest.
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