Source: http://www.cbic.gov.in/resources/htdocs-cbec/gst/notfctn-20-2018-cgst-rate-english.pdf;jsessionid=EBF6A4B6317EE6EF01D3B6886DE524EC     Jul 27, 2018

The Central Government vide Notification No. 20/2018-Central Tax (Rate)) dated July 26, 2018 hereby amends notification No. 5/2017-Central Tax (Rate), dated June 28, 2017,  whereunder list of goods were mentioned in respect of which no refund of unutilised input tax credit would be allowed, where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on the output supplies of such goods (other than nil rated or fully exempt supplies) (“accumulated ITC”).

In the said notification, list of items contained in serial numbers 1, 2, 3, 4, 5, 6, 6A, 6B, 6C and 7  has been amended so as to allow refund of accumulated ITC on supplies received on or after the August 01, 2018 and in respect of any supplies received before such date, the accumulated ITC shall lapse.

Similar notification has also been issued under IGST (Rate) and UTGST (Rate)