SUPPLY
OF GOODS OR SERVICES OR BOTH FROM A PUBLIC SECTOR UNDERTAKING TO A PUBLIC
SECTOR UNDERTAKING WITH EFFECT FROM 1.10.2018
The
Goods and Services Tax Act, 2017 came into force with effect from 1.7.2018.
The Central
Government has issued Notification exempting the supply of goods or services or
both from a Public Sector Undertaking to a Public Sector Undertaking with
effect from 1.10.2018.
The
relevant Notification is given below for ready reference:
[To be published in the Gazette of India, Extraordinary,
Part
II, Section 3, Sub-section
(i)]
Government
of India
Ministry of Finance
(Department
of Revenue)
Central Board of Indirect
Taxes and Customs
Notification No.
61/2018 – Central Tax
New Delhi, the 5th November, 2018
G.S.R. …..(E).— In exercise of the powers conferred by sub-section (3) of section 1, read with
section 51 of the Central Goods and Services Tax Act, 2017
(12 of 2017), hereafter in this
notification referred to as the said Act, the Central Government, on the recommendations of the Council, hereby
makes the following further amendments in the notification of the Government of India
in the Ministry of Finance, Department of Revenue No. 50/2018-Central Tax,
dated the
13th September, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-
section
(i) vide number G.S.R 868(E),
dated the 13th September, 2018, namely:–
In
the said notification, after
the proviso, the following proviso shall be inserted, namely:-
“Provided further that nothing in this notification shall apply
to the supply of goods or services or both from a
public
sector undertaking to another public sector undertaking, whether
or not a distinct person, with
effect from the 1st day of October, 2018.”
.
[F.
No. CBEC/20/06/16/2018-GST]
(Dr. Sreeparvathy S.L.) Under
Secretary to the Government of India
Note:- The
principal notification was published in the Gazette
of India, Extraordinary, Part II,
Section 3, Sub-section (i) vide number
G.S.R 868 (E), dated the 13th September, 2018 and
subsequently amended vide notification No. 57/2018-Central Tax, dated the 23rd October, 2018, published vide number G.S.R 1057(E), dated
the 23rd October,
2018.