Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 54/2018 dated 9th October, 2018 to further amend the Central Goods and Services Tax Rules, 2017.
Key Points of the Amendment are:
- Rule 96(10) of the CGST Rules, 2017 has been substituted, so as to allow the exporters who have received capital goods under the Export Promotion Capital Goods Scheme to claim refund of the Integrated Taxes paid on exports.
- Rule 89(4B) of the CGST Rules, 2017 has been substituted, so as to make it in consistent with Rule 96(10). The exporters who have made zero rated supply without payment of taxes shall claim refund of unutilized Input tax credit provided that the supplier of such supplies has not availed the benefits of the Notification issued by the Government on time to time.
The Notification has come into force from 9th day of October, 2018.
For further details please refer the attached document.
Source: Central Board of Indirect Taxes & Customs
