The Central Board of Indirect Taxes and Customs (CBIC) on July 26, 2023, issued an amendment to Notification No. 8/2017-Integrated Tax (Rate), dated June 28, 2017, which states “integrated tax, on the Inter-State supply of Construction Services”
The following has been amended namely: -
• In the Table against serial number 3 which states “Construction services”, item (ie) in column (3) the following explanation shall be inserted namely: -
“This item refers to sub-items of the item (iv), (v) and (vi), against serial number 3 of the Table as they existed in the notification prior to their omission vide notification No. 03/2022-Integrated Tax (Rate) dated 13th July, 2022.”
• In Annexure V in para 2, for the words “end of the financial year for which it is exercised”, the words and figures “the start of the financial year for which I exercise option to revert under reverse charge mechanism by filing Annexure VI on or before the due date” shall be substituted.
• Annexure VI which specifies the “Form for exercising option by a Goods Transport Agency intending to revert under reverse charge mechanism to be filed before the commencement of any financial year to be submitted before the jurisdictional GST Authority” has been inserted.
This will be in effect from July 27, 2023
[Notification No. 06/2023-Integrated Tax (Rate)]
