Union Territory Tax Amendment: Fly Ash Products Inclusion
Government's Authority: G.S.R. (E) exercises powers under the Union Territory Goods and Services Act, 2017, amending the tax structure.
Product Inclusion: Newly added entries (4 to 7) encompass fly ash products, aligning tax categorization for items like bricks, aggregates, blocks, etc.
Operational Date: Effective from April 1, 2022, the amendments signify the government's ongoing commitment to tax refinement.
Legislative Reference: Amendments made in accordance with clause (vi) of section 21 and sub-section (2) of section 23 of the respective Acts.
Clear Notification: The notification employs simple language, ensuring accessibility for the wider audience.
Business Implications: Entities dealing with these products must adhere to the updated tax regulations in Union Territories.
Recognition of Previous Notifications: Refers to the principal notification dated March 7, 2019, showcasing the regulatory evolution in tax policies.
Note: The amendment ensures precise tax categorization for fly ash products in Union Territories, contributing to a more streamlined taxation process.
Read full article
File now
Register now
File now
Register now
Consult now
Register now
Visit now