Ref: a) Notification no. 1/2018 – Integrated Tax Rate dated 25.01.2018 and
b) Newly inserted sub-clause (ii) in serial no. 24 in table heading 9986 of Notification no. 8/2017 – Integrated Tax Rate dated 28.06.2017
Dear Sir,
We refer to above notifications dt. 25.01.2018 and 28.06.2017. Wherein new sub clause “(ii) Service exploration, mining or drilling of petroleum crude or natural gas or both having IGST rate 12%” is inserted.
We provide services to our client on daily basis and billing is done in month end for the whole month. As the above notification is notified on 25.01.2018 but the effective date of said clause is not informed .
Request to confirm the following:
If the invoice is done on 31.01.2018,
- the said rate of IGST @ 12% will be effective for the period from 01.01.2018 to 31.01.2018 OR
- the said rate of IGST @ 12% will be effective for the period from 25.01.2018 to 31.01.2018