NOTIFICATION NO-02/2020-Integrated Tax (Rate) ,dt. 26-03-2020 Seeks to amend Notification No. 8/2017-Integrated Tax (Rate) dt. 28.06.2017 reducing IGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC.

[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION3, SUB-SECTION (i)]

Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 02/2020- Integrated Tax (Rate).

New Delhi, the 26th March, 2020

G.S.R……(E).- In exercise of the powers conferred by sub-section (1), (3) and sub-section(4) of section 5, sub-section (1) of section 6 and clauses (iii) and (xxv) of section 20 of theIntegrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (5) of section 15and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the CentralGovernment, on the recommendations of the Council, and on being satisfied that it is necessary in
the public interest so to do, hereby makes the following further amendments in the notification ofthe Government of India, in the Ministry of Finance (Department of Revenue) No. 8/2017-Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary,Part II, Section 3, Sub-section (i) vide number G.S.R. 683 (E), dated the 28th June, 2017, namely:-

In the said notification, in the Table, against serial number 25,

(a) after item (i) and entries relating thereto, in columns (3), (4) and (5), the following itemsand entries shall be inserted, namely,

MORE..https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-02-2020-igst-rate-english.pdf

Leave a Reply

Your email address will not be published. Required fields are marked *