Amendment Details:
Notification issued to amend the UTGST Act, 2017, introducing changes to provisions regarding essential oils.
Scope of Amendment:
Addition of new entry after S. No. 3 in the notification No. 4/2017.
Inclusion of various essential oils, excluding citrus fruit oils, such as peppermint, spearmint, water mint, horsemint, and bergamot oils.
Affected Parties:
Applicable to both Registered and Unregistered Persons involved in the supply of specified essential oils.
Effective Date:
Amendment becomes effective from October 1, 2021, impacting subsequent transactions.
Issuing Authority:
Notification authorized by Rajeev Ranjan, Under Secretary to the Government of India, ensuring official sanction.
Purpose of Amendment:
Aims to broaden the scope of essential oils covered under UTGST regulations, enhancing clarity and inclusivity in taxation policies.
Continued Compliance:
Reflects the government's commitment to periodic review and adjustment of tax regulations to accommodate evolving economic landscapes.