Specifying supplies of Goods in respect of which no refund of unutilized input tax credit shall be allowed U/s 54(3) of the Sikkim Goods and Services Tax Act, 2017

Specifying supplies of Goods in respect of which no refund of unutilized input tax credit shall be allowed U/s 54(3) of the Sikkim Goods and Services Tax Act, 2017 https://www.taxtmi.com/notifications?id=121323 The notification disallows refund of unutilized input tax credit for specified goods where input tax rates exceed output tax rates (other than nil-rated or fully exempt supplies). It enumerates by Customs Tariff headings categories including woven and knitted textile fabrics and specified railway locomotives, coaches, wagons, parts, and track fixtures; and directs that First Schedule interpretation rules of the Customs Tariff Act, 1975 apply. The provision is effective from 1 July 2017. en-us Fri, 30 Jun 2017 00:00:00 +0530 Sat, 05 Aug 2017 09:56:00 +0530 TaxTMI RSS Generator Specifying supplies of Goods in respect of which no refund of unutilized input tax credit shall be allowed U/s 54(3) of the Sikkim Goods and Services Tax Act, 2017 https://www.taxtmi.com/notifications?id=121323 The notification disallows refund of unutilized input tax credit for specified goods where input tax rates exceed output tax rates (other than nil-rated or fully exempt supplies). It enumerates by Customs Tariff headings categories including woven and knitted textile fabrics and specified railway locomotives, coaches, wagons, parts, and track fixtures; and directs that First Schedule interpretation rules of the Customs Tariff Act, 1975 apply. The provision is effective from 1 July 2017. Notifications GST - States Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=121323