Notification No. 03/2020 – Intergrated Tax (Rate): Seeks to amend notification No. 1/2017-Union Territory Tax (Rate) to prescribe change in UTGST rate of goods

Important Keyword: Section 5(1) IGST Act 2017, Section 15(5) CGST Act 2017, F. No. 354/34/2020-TRU, Notification No. 03/2020 – Intergrated Tax (Rate), Notification No.1/2017-Integrated Tax (Rate), Notification No. 01/2020- Integrated Tax (Rate).

[F. No. 354/34/2020-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 25^th March, 2020

Notification No. 03/2020 – Intergrated Tax (Rate)

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

G.S.R.  (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2017- 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. 666 (E), dated the 28^th June, 2017, namely:-

In the said notification, –

• in Schedule I – 5%, serial number 187 and the entries relating thereto shall be omitted;
• in Schedule II – 12%,-
• after serial number 75 and the entries relating thereto, the following serial number and entries shall be inserted, namely :-

“75A.

3605 00 10

All goods”;

• serial numbers 202 and 203 and the entries relating thereto shall be omitted; (c)in Schedule III – 18%,-
• serial number 73 and the entries relating thereto shall be omitted;
• in serial number 379, for the entry in column (3), the entry “All goods” shall be substituted;

2. This notification shall come into force on the 1^st day of April, 2020.

(Gaurav Singh)
Deputy Secretary to the
Government of India

Note: – The principal notification No.1/2017-Integrated Tax (Rate), dated the 28^th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 666(E), dated the 28^th June, 2017 and was last amended by notification No. 01/2020- Integrated Tax(Rate), dated the 21^st February, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number GSR 135(E), dated the 21^st February, 2020.

Read More: Notification No. 23/2020 – Central Tax: Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for each of the months from July, 2019 to September, 2019 till 24th March, 2020.

Web Stories: Notification No. 23/2020 – Central Tax: Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for each of the months from July, 2019 to September, 2019 till 24th March, 2020.

Download Pdf: https://taxinformation.cbic.gov.in/