News Update

India calls for restoration of Appellate Body at ongoing WTO meetCus - Revenue cannot be permitted to enrich itself at the cost of the petitioner - It is under obligation to grant interest on whole amount and not just on pre-deposit amount: HCDelays in flight arrivals decline at Mumbai AirportSouth Korea hopes to seal revised FTA with India this yearCX - Matter remanded by Tribunal to adjudicating authority to consider Board Circular 97/2007-ST - Appellant does not press the appeal, hence same is disposed of without entering into the merits: HCSunil Mittal conferred honorary Knighthood by King CharlesGST - Input Tax credit allegedly wrongly availed/utilized is totalling Rs.20 lakhs - Superintendent, CGST adjudicating this case is without jurisdiction in terms of Circular 31/2018- GST: HCNCB & Indian Navy seize 3300 kg drugs from down near Gujarat coastGST - Since petitioner has filed reply to SCN, he is relegated to approach respondent authority for redressal of grievance: HCJapan population shrank in 2023; Births at record lowGST - Production of invoice & E-way bill after interception cannot absolve petitioner from liability of penalty - Very purpose of imposition of penalty is to act as deterrent: HCCached Cash and GSTI-T - If motive of assessee was to acquire land to earn profit through activity of development of land through his own partnership firm as builder, he is not eligible for exemption u/s 54F on LTCG: ITATFormer CBDT Chairman Sushil Chandra appointed as Member of LokpalI-T- Deduction in respect of delayed deposit of amount collected towards employees' contribution to PF cannot be claimed evenwhen deposited within due date of filing of return: ITATAuto component industry to target USD 100 bn exports by 2030: GoyalPM to launch of first hydrogen fuel vessel developed indigenously at Cochin ShipyardI-T- In absence of contrary proved by Revenue and following decision of coordinate benches, on identical circumstances, addition made u/s 68 is rightly deleted: ITATComputer & memory sticks containing security plan for Paris Olympic stolen from trainGoyal launches Bharat Startup Ecosystem Registry and website and logo of Startup MahakumbhPFRDA notifies amendments to Retirement Adviser regulationsI-T- Application for registration need reconsideration as its rejection was against Circular no. 6 of 2023 issued by CBDT: ITAT
Untitled Document

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NEW DELHI

NOTIFICATION NO

01/2024-Integrated Tax (Rate); Dated: January 03, 2024

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), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, 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 28thJune, 2017, namely:-

In the said notification, in Schedule I - 2.5%, -

(i) against S. No. 165, in column (2), for the entry, the entry "2711 12 00, 2711 13 00, 2711 19 10" shall be substituted;

(ii) against S. No. 165A, in column (2), for the entry, the entry "2711 12 00, 2711 13 00, 2711 19 10" shall be substituted;

2. This notification shall come into force with effect from the 4th day of January, 2024.

[F. No. 190354/223/2023-TRU]

(Nitish Karnatak)
Under Secretary

Note:- The principal notification No.1/2017-Central Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28th June, 2017 and was last amended by notification No. 20/2023-Central Tax (Rate), dated the 19th October, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 775(E), dated the 19th October, 2023.