UT Notification No. 01/2024 – Amendments to GST Rate Schedule

Important Keyword: Notification No. 01/2024 – Union Territory Tax (Rate), GST UT rate change 2024, GST Schedule I amendment, petroleum gas GST rate 2024,

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[F. No. 190354/223/2023-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 3^rd January, 2024

Notification No. 01/2024 – Union Territory Tax (Rate): Seeks to amend Notification No. 01/2017 – Union Territory Tax (Rate) dated 28.06.2017.

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), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No.1/2017- Union Territory Tax (Rate), dated the 28^thJune, 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^thJune, 2017, namely:-

In the said notification, in Schedule I – 2.5%, –

• against S. No. 165, in column (2), for the entry, the entry “2711 12 00, 2711 13 00, 2711 19 10” shall be substituted;
• against S. No. 165A, in column (2), for the entry, the entry “2711 12 00, 2711 13 00, 2711 19 10” shall be substituted;

2. This notification shall come into force with effect from the 4^th day of January, 2024.

(Nitish Karnatak)
Under Secretary

Note: – The principal notification No.1/2017-Central 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. 673(E), dated the 28^th June, 2017 and was last amended by notification No. 17/2023 – Central Tax (Rate), dated the 19^th October, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 776(E), dated the 19^th October, 2023.

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📖 Frequently Asked Questions (FAQ): Notification No. 01/2024 – Union Territory Tax (Rate)

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✅ Summary

Notification No. 01/2024 – Union Territory Tax (Rate) brings clarity and updates GST Schedule I entries related to petroleum gases. Effective from 4 January 2024, businesses should realign their GST compliance mechanisms and consult certified professionals if necessary.

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Download PDF: Notification No. 01/2024 – UTGST

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

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