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Notification No. 10/2023 – UT Tax Change

by Shakshi Bharti | Jan 27, 2024 | GST, 2023 Notifications, Notifications, Union Territory Tax (Rate) 2023 Notifications | 0 comments

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[F. No. 190354/133/2023-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 26^th July, 2023

Notification No. 10/2023 - Union Territory Tax (Rate): Seeks to amend No. 26/2018- Union Territory Tax (Rate) to implement the decisions of 50th GST Council.

[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 8 of the UTGST Act, 2017 (14 of 2017), the Central Government, on the recommendations of the Council, on being satisfied that it is necessary in public interest so to do, 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, -

(A) in the opening paragraph, for the phrase “paragraph 4.41”, the phrase “paragraph 4.40”, shall be substituted;

(B) in the Explanation, -

(i). for clause (a), the following clause shall be substituted, namely: —

“(a) “Foreign Trade Policy” means the Foreign Trade Policy, 2023, notified by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2023 dated the 31^st March, 2023, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-Section (ii) vide S.O. 1565 (E). dated the 31^st March, 2023;”

(ii). for clause (b), the following clause shall be substituted, namely: —

“(b) “Handbook of Procedures” means the Handbook of Procedure, notified by the Government of India in the Ministry of Commerce and Industry vide Public Notice No. 01/2023 dated the 1^st April, 2023, Extraordinary, Part-I, Section 1 vide F. No. 01/75/171/00016/AM-23/FTP Cell dated the 1^st April, 2023;”

2. This notification shall come into force on the 27^th July, 2023.

(Nitish Karnatak)
Under Secretary to the Government of India

Note: - The principal notification No. 26/2018 – Union Territory Tax (Rate), dated the 31^st December, 2018 was 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 and was last amended by notification No. 17/2019 – Union Territory Tax (Rate), dated the 30^th September, 2019 vide published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720(E), dated the 30^th September, 2019 .

📚 Frequently Asked Questions (FAQs): Notification No. 10/2023 - Union Territory Tax (Rate)

Q1: What is Notification No. 10/2023 – Union Territory Tax (Rate)?

Answer:
This notification dated 26th July 2023, amends Notification No. 26/2018 – UT Tax (Rate). It was issued by the Government of India to implement recommendations of the 50th GST Council Meeting. The key update aligns GST regulations with the new Foreign Trade Policy (FTP) 2023.
📌 Explore GST Compliance Services at Finodha for smooth GST adjustments post-notification.

Q2: What is the primary purpose of this notification?

Answer:
The amendment updates the reference from paragraph "4.41" to "4.40" and replaces outdated definitions of “Foreign Trade Policy” and “Handbook of Procedures” with those from FTP 2023 and Public Notice No. 01/2023 dated 1st April 2023.
🧑‍💼 Need help understanding FTP-related tax changes? Connect with a GST Expert at Finodha.

Q3: What is the effective date of Notification No. 10/2023?

Answer:
The notification came into force on 27th July 2023. All amendments are applicable from this date onward.
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Q4: What does the updated "Foreign Trade Policy" mean in this context?

Answer:
“Foreign Trade Policy” now refers to FTP 2023, issued via Notification No. 1/2023 dated 31st March 2023 by the Ministry of Commerce and Industry.
🛍️ This change impacts GST on imports/exports. Start your Import-Export Business with Finodha’s expert support!

Q5: What is the new definition of “Handbook of Procedures” under this notification?

Answer:
The “Handbook of Procedures” now refers to the one notified by Public Notice No. 01/2023 dated 1st April 2023 under FTP 2023, replacing the previous version.
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Q6: How does this notification affect businesses engaged in export or import services?

Answer:
It brings GST terminology in sync with the latest FTP 2023, streamlining documentation and procedures for exporters and importers under the Union Territory Tax regime.
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Q7: Does this notification impact GST rates directly?

Answer:
No. This amendment does not change the GST rates but updates definitions and legal references within the UT Tax framework to align with new policy documents.
🧾 Learn more about tax rate impact with our GST Registration Services.

Q8: Where can I read Notification No. 26/2018 and its latest updates?

Answer:
The principal Notification No. 26/2018, as amended by Notification No. 10/2023, is published in the Gazette of India. For simplified explanations and advisory, visit Finodha’s GST Knowledge Hub.