Amendment in Union Territory Tax Rates

Central Government amends notification No. 1/2017-Union Territory Tax (Rate) on June 28, 2017. Amendment made under sub-section (1) of section 7 and clause (iv) of section 21 of the UTGST Act.

Schedule III updated, introducing a new entry for supply of goods by unregistered persons to promoters for project construction.

Applicable to goods other than capital goods and cement, subject to conditions specified. Effective from April 1, 2019, to streamline taxation in real estate projects.

Definitions provided for terms like "promoter" and "project" as per Real Estate Act. Aimed at facilitating smoother transactions in the real estate sector.