Notification No. 17/2019 - Union Territory Tax (Rate) Update

Want to File ITR, GST Returns & Pvt. Ltd. Registration

Notification No. 17/2019 - Union Territory Tax (Rate): Seeks to amend notification No 26/2018- Union territory Tax (Rate) dated 31.12.2018 so as to exempt UTGST on supplies of silver and platinum by nominated agencies to registered persons.

GST: [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.26/2018- Union Territory Tax (Rate), dated the 31^st December, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1269 (E), dated the 31^st December, 2018, namely:-

In the said notification, -

for the word “gold”, wherever it occurs, the words, “gold, silver or platinum”, shall be substituted;

in the opening paragraph, for the word and figures, “heading 7108”, the word and figures, “Chapter 71”, shall be substituted;

in the Explanation, for clause (d), the following clause shall be substituted, namely: —. “(d) “Chapter” means heading as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).”.

2. This notification shall come into force on the 1^st October, 2019.

(Gunjan Kumar Verma)
Under Secretary to the
Government of India

📚 Frequently Asked Questions (FAQs): Notification No. 17/2019 - Union Territory Tax (Rate)

Q1: What is Notification No. 17/2019 - Union Territory Tax (Rate)?

Answer:
It is a GST notification that exempts UTGST on supplies of gold, silver, and platinum made by nominated agencies to registered persons.

Q2: From when is this applicable?

Answer:
From 1 October 2019.

Q3: Who can claim this exemption?

Answer:
Only:
Nominated agencies (banks/MMTC/STC etc.)
Supplies made to registered GST persons

Q4: What metals are covered now?

Answer:
✔ Gold
✔ Silver
✔ Platinum

Q5: What is a nominated agency?

Answer:
Agencies authorized by RBI/Government to import and supply bullion, such as:
Banks
MMTC
STC

Q6: Does a normal trader get exemption?

Answer:
❌ No. Only nominated agency → registered person supplies qualify.

Q7: Will CGST also be exempt?

Answer:
Usually similar exemption applies under CGST notifications too. Check respective notification.

Q8: How does this benefit jewellers?

Answer:
Less tax payment
Lower cost price
Better cash flow
Higher margins
Example: ₹50 lakh silver purchase → full UTGST saving.

Q9: Do I still need GST registration?

Answer:
✅ Yes. Only registered persons get the exemption benefit.
👉 Get quick registration: https://finodha.in/online-gst-registration/

Q10: Do I need to file GST returns even if exempt?

Answer:
Yes 👍
You must file:
GSTR-1
GSTR-3B
Annual return
👉 File easily: https://finodha.in/gst-compliance/

Q11: What documents should I maintain?

Answer:
Tax invoice
Purchase proof
Nominated agency certificate
GST returns

Q12: What if supplier is not nominated agency?

Answer:
Normal UTGST applies. No exemption allowed.

Q13: Does Chapter 71 matter?

Answer:
Yes. It covers:
Gold
Silver
Platinum
Precious metals
This broadens exemption legally.

Q14: Can startups or new jewellers use this benefit?

Answer:
Yes, if:
GST registered
Buying from nominated agency
Start your business easily:
👉 https://finodha.in/setup-business/
👉 https://finodha.in/private-limited-company/

Q15: How can Finodha help in compliance?

Answer:
Finodha provides:
✔ GST Registration
✔ GST Return Filing
✔ Compliance Support
✔ Company Setup
✔ DSC
👉 Expert help: https://finodha.in/gst-compliance/

Claim your TDS Refund before it EXPIRE in

ITR Filing Starts Only

GST Return Filing Starts Only