Home India Government of The National Capital Territory of Delhi state tax bearing no717...
Date: 28-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

state tax bearing no717

Issued by Government of The National Capital Territory of Delhi · Finance Department

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Government of the National Capital Territory of Delhi (GNCTD) amends the Delhi Goods and Services Tax Act, 2017 (DGST Act). Specifically, it introduces amendments to Notification No. 5/2017-State Tax (Rate) regarding input tax credit (ITC) refunds.
  • The amendment clarifies the eligibility for ITC refunds related to imitation zari thread or yarn made from metallised polyester film/plastic film.

Key Changes

  • Addition of a new entry (S.No. 6A) to the table in Notification No. 5/2017-State Tax (Rate). This entry specifies that ITC refunds are available for imitation zari thread or yarn made from metallised polyester film/plastic film.
  • The amendment clarifies that the ITC refund applies only to the polyester film/plastic film used in the manufacturing process.
  • The notification comes into effect from October 20, 2023.
  • Notification No. 5/2017-State Tax (Rate) was previously amended by Notification No. 9/2022 – State Tax (Rate), dated November 17, 2022.

Impact Analysis

Businesses

  • Businesses should review their existing processes and ensure compliance with the amended notification to avoid potential penalties.

Government

  • The government should ensure adequate resources are available to process the increased number of refund applications.

Taxpayers

  • Taxpayers should consult with tax professionals to understand the implications of the amendment on their tax liabilities.

Key Entities Referenced

Delhi Goods and Services Tax Act, 2017 (DGST Act): The primary legislation governing Goods and Services Tax in the National Capital Territory of Delhi. Notification No. 5/2017-State Tax (Rate): The principal notification that has been amended by this gazette notification. It deals with State Tax rates. Notification No. 9/2022 – State Tax (Rate): A previous amendment to Notification No. 5/2017-State Tax (Rate). Lieutenant Governor of National Capital Territory of Delhi: The authority responsible for issuing this notification. Finance (Expenditure-I) Department, GNCTD: The government department responsible for issuing this notification.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33002/99 REGD. No. D. L.-33002/99 भारत सरकार GOVERNMENT OF INDIA एस.जी.-डी.एxलxx.G-अID.H-2x9xx0 82024-256721 SG-DLxx-ExG-2ID9E0x8x2x0 24-256721 असाधारण EXTRAORDINARY प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 224] दिल्ली, बधु वार, अगस्ट्त 28, 2024/भाद्र 6, 1946 [रा.रा.रा.क्ष.ेदि. स.ं 169 No. 224] DELHI, WEDNESDAY, AUGUST 28, 2024/BHADRA 6, 1946 [N. C. T. D. No. 169 भाग IV PART IV राष्ट्रीय रािधानी राज्य क्षत्रे दिल्ली सरकार GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI I अजधसचू ना दिल् ली, 28 अगस्ट् त, 2024 I I .—fnYyh eky ,oa lsokdj vf/kfu;e] 2017 ¼2017 dk 03½ dh /kkjk 54 dh mi /kkjk ¼3½ ds ijUrqd ds miokD; ¼ii½ ds rgr çnÙk 'kfä;ks a dk ç;ksx djr s gq,] jk"Vªh; jkt/kkuh {ks= fnYyh ds mijkT;iky] th,lVh ifj"kn dh flQkfj'kks a ds vk/kkj ij] ,rn}kjk] bl ljdkj dh vf/klwpuk la[;k 5@2017&jkT; dj ¼nj½] ftls l-Qk- 3¼15½@foRRk¼jktLo&1½@2017&18@Mh,l&VI@371] fnukad 30 twu] 2017 ds rgr fnYyh ds jkti=] vlk/kkj.k ds Hkkx&IV [kaM 3] mi [kaM ¼i½ es a çdkf'kr fd;k x;k Fkk] es a vkSj vkxs Hkh fuEufyf[kr la'kks/ku djrh gS] ;Fkk%& mä vf/klwpuk eas] lkj.kh eas] Øe la[;k 6A vkSj mlls lacaf/kr çfof"V;ks a ds i'pkr] fuEufyf[kr Øe la[;k vkSj çfof"V;ka var%LFkkfir dh tk,axh] vFkkZr%& 5488 DG/2024 (1)2 DELHI GAZETTE : EXTRAORDINARY PART IV] “6 dd 5605 /kkfRod i‚fy,LVj fQYe@IykfLVd fQYe ls cuk behVs'ku ज़jh /kkxk ;k lwr ;g çfof"V dsoy i‚fy,LVj fQYe@IykfLVd fQYe ij buiqV VSDl ØsfMV dh okilh ds fy, ykxw gksxhA’’; 2- ;g vf/klwpuk 20 väwcj] 2023 ls ykxw gksxhA eyw vf/klwpuk dk s fnYyh ds jkti=] vlk/kkj.k ds Hkkx&IV] eas vf/klwpuk la[;k 5@2017&jkT; dj ¼nj½] ftls l-Qk- 3¼15½@foRRk¼jktLo&1½@2017&18@Mh,l&VI@371] fnukad 30 twu] 2017 dk s çdkf'kr fd;k x;k Fkk vkSj bles a vafre ckj vf/klwpuk la[;k 9@2022&jkT; dj ¼nj½] fnukad 17 uoacj] 2022] ftls l-Qk- 03¼30½@foRRk¼O;;&1½@2022&23@Mh,l&I@897] ds rgr çdkf'kr fd;k x;k Fkk] ds }kjk la'kks/ku fd;k x;k FkkA jk"Vªh; jkt/kkuh {k=s fnYyh ds mijkT;iky ds vkns'k ls rFkk muds uke ij] jfoUnz dqekj] mi lfpo ¼O;;& I½ FINANCE (EXPENDITURE-I) DEPARTMENT NOTIFICATION Delhi, the 28th August, 2024 No. 20/2023-State Tax (Rate) No. F. 3 (11)/Fin.(Exp-I)/2024-25/DS-I/717.—In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), the Lieutenant Governor of National Capital Territory of Delhi, on the recommendations of the Council, hereby makes the following further amendments in the Government Notification No. 5/2017-State Tax (Rate), published in the Delhi Gazette, Extraordinary, Part IV, Section 3, Sub-section (i), vide number F.3(15)/Fin(Rev-1)/2017-18/DS-VI/371, dated the 30th June 2017, namely:- In the said notification, in the TABLE, after S. No. 6A and the entries relating thereto, following S.No. and the entries shall be inserted, namely:- (1) (2) (3) “6A 5605 Imitation zari thread or yarn made out of Metallised polyester film /plastic A. film; Explanation: This entry shall apply for refund of input tax credit only on polyester film /plastic film”; 2. This notification shall come into force with effect from the 20th day of October, 2023. Note: -The principal notification No.5/2017- State Tax (Rate), published in the Delhi Gazette, Extraordinary, Part IV, Section 3, Sub-section (i), vide number F.3(15)/Fin(Rev-1)/2017-18/DS-VI/371, dated the 30th June 2017 and was last amended by notification No. 9/2022 – State Tax (Rate), published in the Delhi Gazette, Extraordinary, Part IV, Section 3, Sub-section (i), vide number F.3(30)/Fin(Exp-I)/2022-23/DS-I/897, dated 17th November 2022. By Order and in the Name of the Lt. Governor of the National Capital Territory of Delhi, RAVINDER KUMAR, Dy. Secy. (Exp.-I) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research