Integrated Tax Notifications (Rate)
IGST Notification rate 08/2019
| Title | Seeks to amend notification No. 1/2017- Integrated Tax (Rate) so as to notify IGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector. |
| Number | 08/2019 |
| Date | 29-03-2019 |
| Download | |
1) In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated
Goods and Services Tax Act, 2017 (13 of 2017) read with sub-section (5) of section 15 of the
Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the
recommendations of the Council, hereby makes the following further amendments in the
notification of the Government of India in the Ministry of Finance (Department of Revenue),
No.1/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 666 (E), dated the 28th
June, 2017, namely:-
In the said notification, in Schedule III – 18%, after serial number 452P in column (1) and the
entries relating thereto, the following serial number and entries shall be inserted, namely: –
| (1) | (2) | (3) |
|---|---|---|
| 452Q | Any chapter |
Supply of any goods other than capital goods and cement falling Explanation. For the purpose of this entry,– (i) the term “promoter” shall have the same meaning as assigned to it (ii) “project” shall mean a Real Estate Project (REP) or a Residential (iii) the term “Real Estate Project (REP)” shall have the same (iv) “Residential Real Estate Project (RREP)” shall mean a REP in (v) This entry is to be taken to apply to all goods which satisfy the |
2) This notification shall come into force with effect from the 1
st of April, 2019.