The Ministry of Finance (MoF) on September 29, 2023, amended an older notification No.1/2017-Central Tax (Rate), dated June 28, 2017, related to the rate of the central tax on certain goods.
The following has been amended namely: -
•In Schedule IV- (a) after S. No. 227 and the entries related thereto. No. and entries shall be inserted 227A which mentions Any Chapter of Specified actionable claim; Explanation: “specified actionable claim” as defined in section 2(102A) of the CGST Act, 2017 means the actionable claim involved in
In the Explanation, after clause (iv), the following clause shall be inserted, namely: "(v) The words and expressions used and not defined in this notification, but defined in the Central Goods and Service Tax Act, 2017 the Integrated Goods and Services Tax Act, 2017 and the Union Territory Goods and Services Tax Act, 2017 shall have the same meanings as assigned to them in those Acts."
This notification shall come into force on October 01, 2023
The detailed notification is given in the document attached below.
[Notification No. No. 11/2023- Central Tax (Rate)]
