Key Amendments in Union Territory GST Rates: Simplified Overview
Introduction:
Government amends notification No.12/2017-Union Territory Tax (Rate) under UTGST Act, 2017.
Changes in Services:
Removal of specified services related to speed post, express parcel post, life insurance, and agency services for several serial numbers.
Exclusion of Certain Services:
Omission of services provided to the Central Government, State Government, or Union territory for various categories.
Alteration in Residential Dwelling Services:
Modification in serial number 12, exempting residential dwellings rented to a registered person.
Removal of Serial Numbers:
Omission of serial numbers 14, 26, 32, 33, 47A, and 51, along with their respective entries.
Addition of New Service:
Inclusion of a new serial number 24C, covering services by the Department of Posts related to post card, inland letter, book post, and ordinary post (envelopes weighing less than 10 grams).
Effective Date:
The amendments come into effect immediately.
Businesses should stay informed about these changes to ensure accurate tax compliance under the Union Territory Goods and Services Tax Act.