The Central Board of Indirect Taxes and Customs (CBIC) on October 19, 2023, issued a notification regarding the amendment to notification no. 11/2017 Central Tax (Rate) dated June 28. 2017 related to the rate of central Tax on the intra-state supply of services
This shall come into force on October 20, 2023
The following has been amended namely: -
• Against serial number 8 which states “Passenger transport services” in column (3), in item (vi), after the conditioning column (5) against the rate of 2.5 percent, the following condition shall be inserted, namely: -
“Provided further that where the supplier of input service in the same line of business charges central tax at a rate higher than 2.5%, credit of input tax charged on the input service in the same line of business in excess of the tax paid or payable at the rate of 2.5%, shall not be taken.
• Against serial number 34 which states “Recreational, cultural and sporting services”
(I) in column (3), in item (iv), for the words “totalisator or license to”, the words “licensing a “shall be substituted;
(II) in column (3), item (v)and the entries relating thereto shall be omitted;
Notification No. 12/2023-Central Tax (Rate)
