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Notification No. 05/2024 – UT Tax: Amendment to 01/2017

by | Nov 16, 2024 | GST, 2024 Notifications, Notifications, Union Territory Tax (Rate) 2024 Notifications | 0 comments

Important Keyword: Notification No. 05/2024 – Union Territory Tax (Rate), UTGST update, Trastuzumab GST rate, Osimertinib GST, snack pellet GST, GST amendment 2024, Finodha GST Help,

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[F. No. CBIC-190354/149/2024-TO(TRU-II)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 8th October, 2024

Notification No. 05/2024 – Union Territory Tax (Rate): Seeks to amend Notification No. 1/2017- 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 Union Territory Goods and Services Tax 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), 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, –

  • after Schedule I – 2.5% , in List 1, after item number 232 and the entries relating thereto, the following item numbers and entries shall be inserted, namely: –

“(233) Trastuzumab Deruxtecan

  • Osimertinib
    • Durvalumab”;
  • in Schedule II – 6%, after S. No. 32B and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –
“32C1905 90 30Extruded or expanded products, savoury or salted (other than un-fried or un- cooked snack pellets, by whatever name called, manufactured through process of extrusion)”;
  • in Schedule III – 9%, –
  • against S. No. 16, in column (3), for the words “un-fried or un-cooked snack pellets, by whatever name called, manufactured through process of extrusion”, the words “ un-fried or un-cooked snack pellets, by whatever name called, manufactured through process of extrusion, extruded or expanded products, Savoury or salted” shall be substituted;
  • for S. No. 435A and the entries relating thereto, the following S. No. and entries shall be substituted, namely: –
  “435A9401 [other than 9401 10 00 or 9401 20 00]Seats (other than those of heading 9402), whether or not convertible into beds and parts thereof other than seats of a kind used in aircraft or seats of a kind used for motor vehicles”;
  • in Schedule IV – 14%, after S. No. 210 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –
“210A9401 20 00Seats of a kind used for motor vehicles”.

2.            This notification shall come into force on the 10th day of October, 2024.

(Amreeta Titus)
Deputy Secretary

Note: – The principal notification No. 1/2017- Union Territory Tax (Rate), dated the 28th 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 28th June, 2017, and was last amended vide notification No. 2/2024 – Union Territory Tax (Rate), dated the 12th July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 398(E), dated the 12th July, 2024.


📚 Frequently Asked Questions (FAQs): Notification No. 05/2024 – Union Territory Tax (Rate)

Q1: 🧾 What is Notification No. 05/2024 – Union Territory Tax (Rate) about?

Answer:
This notification issued on 8th October 2024 amends Notification No. 1/2017 – Union Territory Tax (Rate). It updates the GST rate schedules by inserting new items and reclassifying certain goods such as pharmaceuticals, extruded food items, and types of seats used in motor vehicles.

Q2: 💊 Which medicines were added to Schedule I (2.5%) of the UTGST rate list?

Answer:
The following life-saving drugs have been added to the 2.5% GST list under Schedule I:
Trastuzumab Deruxtecan
Osimertinib
Durvalumab
This brings essential relief to patients and boosts the affordability of critical ca

Q3: 🍟 What changes were made in Schedule II (6%) regarding food items?

Answer:
Yes. The description under S. No. 16 now includes “extruded or expanded products, savoury or salted.” Additionally, S. No. 435A was redefined to include a broader category of seats excluding those for aircraft and motor vehicles.

Q4: 🔄 Has the classification for extruded snack pellets changed in Schedule III?

Answer:
Yes. The description under S. No. 16 now includes “extruded or expanded products, savoury or salted.” Additionally, S. No. 435A was redefined to include a broader category of seats excluding those for aircraft and motor vehicles.

Q5: 🚘 What is added in Schedule IV (14%) under this notification?

Answer:
S. No. 210A now includes “Seats of a kind used for motor vehicles” under code 9401 20 00. These seats will now attract a GST rate of 14%.

Q6: 📅 From when is Notification No. 05/2024-UT Tax (Rate) effective?

Answer:
The changes brought by this notification come into force from 10th October 2024.

Q7: 🧮 Where can I find GST compliance services for updated rates?

Answer:
You can consult GST professionals and get GST compliance assistance at:
🔗 https://finodha.in/gst-compliance/

Q8: 🏢 How will this impact businesses involved in manufacturing of affected items?

Answer:
Manufacturers of extruded food products and automotive seats must update their invoicing, ERP tax configurations, and GST return data to reflect these new rates. For automated GST Return Filing, refer:
🔗 https://finodha.in/gst-return-filing/

Q9: 🧑‍⚖️ What are the benefits of reclassifying GST items in the UTGST rate notifications?

Answer:
This ensures clarity, prevents classification disputes, and aligns GST structure with evolving market and healthcare needs. It’s essential for businesses to regularly review such updates.

Q10: 🧾 Where can I read the full text of Notification 05/2024?

Answer:
The full text is available on the CBIC portal and in the Gazette of India. For simplified interpretation and expert help, visit:
🔗 https://www.Finodha.in


Download PDF: Notification No. 05/2024 – Union Territory Tax (Rate)


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

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