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

Important keyword: F.No.354/34/2020 -TRU, Section 7(1) UTGST Act 2017, Section 15(5) CGST Act 2017, Notification No. 03/2020 – Union territory 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 – Union territory 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 7 of the UTGST Act, 2017 (14 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- Union territory Tax (Rate), dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 710(E), dated the 28^th June, 2017, namely:-

In the said notification, –

• in Schedule I – 2.5%, serial number 187 and the entries relating thereto shall be omitted;

• in Schedule II – 6%,-
  • after serial number 75 and the entries relating thereto, the following serial number and entries shall be inserted, namely :-

• serial numbers 202 and 203 and the entries relating thereto shall be omitted; (c)in Schedule III – 9%,-
• 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-Union territory 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. 710(E), dated the 28^th June, 2017 and was last amended by notification No. 01/2020- Union territory 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 136(E), dated the 21^st February, 2020.

Read More: Notification No. 05/2020 – Integrated Tax: Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.

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