The Synthetic & Rayon Textiles Export Promotion Council

CBIC makes amendments in the earlier issued circulars in wake of amendments in the CGST Act, 2017 (which shall come into force w.e.f. 01.02.2019).

Circular No. ES/374/ 2018-19                                                                    February 5, 2019 

To: Members of the Council

Sub: CBIC makes amendments in the earlier issued circulars in wake of amendments in the CGST Act, 2017 (which shall come into force w.e.f. 01.02.2019).

Dear Member,

This is to inform you that CBIC has issued Circular No.04/01/2019- GST dated 1st February, 2019 on the above subject.

The provisions of the CGST (Amendment) Act, 2018 and SGST Amendment Acts of the respective States have been brought into force w.e.f. 01st February, 2019.

Schedule III of the CGST Act, 2017 has been amended vide section 32 of the CGST (Amendment) Act, 2018 so as to provide that the “supply of warehoused goods to any person before clearance for home consumption” shall be neither a supply of goods nor a supply of services.

Accordingly, Circular No. 03/01/2019-IGST dated 25th May, 2018 related to applicability of Integrated Goods and Services Tax (Integrated Tax) on goods supplied while being deposited in a customs bonded warehouse is hereby rescinded.

Members are requested to kindly make a note of the above.

Thanking you,

Yours faithfully,

S.BALARAJU
EXECUTIVE DIRECTOR