Notification No. 05/2022 Integrated Tax (Rate) DT on 13th July, 2022, GST

 

 

Seeks to amend Notification No 10/2017- Integrated Tax (Rate) dated 28.06.2017 

 The Extract of GST Notification No. 05/2022 – Integrated Tax (Rate) is given below: 

             Notification No. 05/2022 – Integrated Tax (Rate), GST

 

[TO BE PUBLISHED IN THE GAZETTE OFINDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] 

GOVERNMENT OF INDIA 

MINISTRY OF FINANCE 

(DEPARTMENT OF REVENUE) 

Notification No. 05/2022-Integrated Tax (Rate)

 

New Delhi, the 13^th July, 2022

 

GSR......(E).-In exercise of the powers conferred by sub-section (3) 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, in the Ministry of Finance (Department of Revenue), No.10/2017-Integrated Tax (Rate), dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 685(E), dated the 28^th June, 2017, namely:-

 

In the said notification, in the Table, -

 

(1)   against serial number 2, in column (2), -  

(a)    the words, figures and symbols “who has not paid integrated tax at the rate of 12%,” shall be omitted; 

(b)   after the proviso the following proviso shall be inserted, namely: -

“Provided further that nothing contained in this entry shall apply where, - 

1. the supplier has taken registration under the CGST Act, 2017 read with clause (v) of Section 20 of the IGST Act, 2017 and exercised the option to pay tax on the services of GTA in relation to transport of goods supplied by him under forward charge, and

 

1. the supplier has issued a tax invoice to the recipient charging Integrated Tax at the applicable rates and has made a declaration as prescribed in Annexure III on such invoice issued by him.”

 

 

(2)   against serial number 6, in column (2), in sub-clause (2), in item (i), the words “by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Central Government, State Government or Union territory or local authority” shall be omitted;