Notification No. 24/2018 – UTGST Explained

Important keyword: Notification 24/2018 UTGST rate change, GST rate revision 2019 goods, 31st GST Council goods rate change, marble GST rate UTGST, lithium-ion battery GST 2019, UTGST amendment 1/2017 notification,

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[F.No.354/432/2018-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 31^st December, 2018

Notification No. 24/2018 - Union territory Tax (Rate): Seeks to further amend notification No. 1/2017-Union Territory Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting.

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 7 of the UTGST Act, 2017 (14 of 2017) read with sub-section (5) of section 15 of the CGST Act, 2017 (12 of 2017), the Central Government, 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.1/2017-Union territory 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. 710(E), dated the 28th June, 2017, namely:-

In the said notification, -

• in the opening paragraph, after the brackets, words and figures “(14 of 2017)”, the words, brackets and figures “read with sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017)”, shall be inserted;

(b)  in Schedule I - 2.5%, -

• S. Nos. 23 and 24 and the entries relating thereto shall be omitted;

• after S. No. 123 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -

“123A

2515 11 00

Marble and travertine, crude or roughly trimmed”;

• S. No. 198A shall be re-numbered as S. No. 198AA, and before S. No. 198AA as so re-numbered, the following serial number and entries shall be inserted, namely:

“198A

4501

Natural cork, raw or simply prepared”;

• against S. No. 224, for the entry in column (2), the entry “63 [other than 6305 32 00, 6309] shall be substituted;

• against S. No. 225, for the entry in column (3), the entry “Footwear of sale value not exceeding Rs.1000 per pair” shall be substituted;

• for S. No. 225A and the entries relating thereto, the following serial numbers and entries shall be substituted, namely: -

“225A

6602 00 00

Walking-sticks including seat sticks

225B

6815

Fly ash bricks or fly ash aggregate with 90 per cent. or more fly ash content; Fly ash blocks”;

• against S. No. 234, in the entry in column (3), the following Explanation shall be inserted in the end, namely: - “Explanation: If the goods specified in this entry are supplied, by a supplier, along with supplies of other goods and services, one of which being a taxable service specified in the entry at S. No. 38 of the Table mentioned in the notification No. 11/2017-Union Territory Tax (Rate), dated 28th June, 2017 [G.S.R. 702(E)], the value of supply of goods for the purposes of this entry shall be deemed as seventy per cent. of the gross consideration charged for all such supplies, and the remaining thirty per cent. of the gross consideration charged shall be deemed as value of the said taxable service.”;
• S. No. 243A shall be re-numbered as S. No. 243B, and before S. No. 243B as so re-numbered, the following serial number and entries shall be inserted, namely: -

“243A

8714 20

Parts  and  accessories  of  carriage  for  disabled persons”;

(c)  in Schedule II - 6%, -

• after S. No. 101 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely: -

“101A	4502 00 00	Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
101B	4503	Articles of natural cork such as Corks and Stoppers, Shuttlecock cork bottom
101C	4504	Agglomerated  cork  (with  or  without  a  binding substance) and articles of agglomerated cork ”;

• S. Nos. 102 and 126 and the entries relating thereto shall be omitted;

• S. No. 171A shall be re-numbered as S.No. 171AA, and before S. No. 171AA as so re-numbered, the following serial number and entries shall be inserted, namely:-

“171A

6305 32 00

Flexible intermediate bulk containers”;

• against S. No. 173, in the entry in column (3), the words “walking-sticks, seat- sticks,” shall be omitted;

• S. No. 177 and the entries relating thereto, shall be omitted;

(d)  in Schedule III - 9%, -

• S. No. 121A shall be re-numbered as S. No. 121B, and before S. No. 121B as so re-numbered, the following serial number and entries shall be inserted, namely: -

“121A

4012

Retreaded or used pneumatic tyres of rubber; solid or cushion tyres, tyre treads and tyre flaps, of rubber”;

• S. Nos. 142, 143 and 144 and the entries relating thereto shall be omitted;

• against S. No. 369A, for the entry in column (3), the entry “Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including pulley blocks; clutches and shaft couplings (including universal joints)” shall be substituted;

• after S. No. 376AA and the entries relating thereto, the following serial number and entries shall be inserted, namely: -

“376AAA

8507

Lithium-ion  accumulators  (other   than                                                            battery) including lithium-ion power bank”;

• against S. No. 383, in the entry in column (3), after the words “television cameras”, the words, “digital cameras and video camera recorders”, shall be inserted;

• against S. No. 383C, in the entry in column (3), for the figures and letters “68 cm”, the figures and word “32 inches” shall be substituted;

• against S. No. 384, in the entry in column (3), for the figures and word “20 inches”, the figures and word “32 inches” shall be substituted;

• S. No. 440A shall be re-numbered as S. No. 440B and before S. No. 440B as so re-numbered, the following serial number and entries shall be inserted, namely:

“440A

9504

Video game consoles and machines, articles of funfair, table or parlour games, including pintables, billiards, special tables for casino games and automatic bowling alley equipment [other than playing cards, ganjifa card, chess board, carom board and other board games of 9504 90 90 like ludo, etc.]”;

(e)  in Schedule IV - 14%, -

• S. No. 47 and the entries relating thereto shall be omitted;

• S. No. 135 and the entries relating thereto shall be omitted;

• against S. No. 139, in the entry in column (3), after the words “other than Lithium- ion battery”, the words “and other Lithium-ion accumulators including Lithium-ion power banks” shall be inserted;

• S. No. 151 and the entries relating thereto shall be omitted;

• against S. No. 154, in the entry in column (3), for the figures and word “20 inches” and the figures and letters “68 cm”, the figures and word “32 inches” shall respectively be substituted;

• for S. No. 174 and the entries relating thereto, the following serial number and the entries shall be substituted, namely: -

“174

8714

Parts and accessories of vehicles of heading 8711”;

• S. No. 215 and the entries relating thereto shall be omitted.

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

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

Note: - The principal notification No.1/2017- Union territory 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. 710(E), dated the 28th June, 2017 and last amended by Notification No. 18/2018- Union territory Tax (Rate) dated 26^th July, 2018 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 700 (E), dated the 26th July, 2018.

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📚 Frequently Asked Questions (FAQs): Notification No. 24/2018 – Union Territory Tax (Rate)

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🚀 Conclusion

Notification No. 24/2018 - Union Territory Tax (Rate) significantly revised GST rates across multiple goods categories, including marble, cork, footwear, lithium-ion batteries, fly ash bricks, and electronics.

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Download PDF: Notification No. 24/2018 – Union Territory Tax (Rate)

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More Information: https://taxinformation.cbic.gov.in/

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