Amend Notification No. 02/2018-Integrated Tax

Last updated: 12 July 2024

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This notification amends the previous Notification No. 02/2018 concerning Integrated Tax. The key change is the reduction of a specific rate from 'one per cent.' to 'half per cent.'. This amendment is made by the Central Government based on the Council's recommendations and comes into effect from the date of its publication in the official gazette.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

NOTIFICATION
No. 01/2024- Integrated Tax

New Delhi, dated the 10th July, 2024

G.S.R.…(E).—In exercise of the powers conferred by the second proviso to section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (1) of section 52 of the Central Goods and Services Tax Act,2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 02/2018-Integrated Tax, dated the 20th September, 2018 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 901(E), dated the 20th September, 2018, namely:-

In the said notification, for the words “one per cent.”, the words “half per cent.” shall be substituted.

2. This notification shall come into force from the date of its publication in official gazette.

[F.No.CBIC-20006/21/2024-GST]

FAQ :

The main change is the substitution of the rate 'one per cent.' with 'half per cent.' in Notification No. 02/2018-Integrated Tax.

Notification No. 02/2018-Integrated Tax, dated 20th September, 2018, is being amended.

The Central Government, on the recommendations of the Council, has made this amendment.

This notification comes into force from the date of its publication in the official gazette.

The rate that was previously 'one per cent.' has been changed to 'half per cent.'.

Notification No : 01/2024
Source : https://taxinformation.cbic.gov.in/view-pdf/1010101/ENG/Notifications

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