Important Amendments in Union Territory Tax Rates

Amendment to criteria for exemption from registration under Central Goods and Services Tax Act, 2017, now aligned with preceding financial year's eligibility. Introduction of new entry, "9AA," exempts services related to FIFA U-17 Women's World Cup 2020 hosted in India, subject to certification by Director (Sports), Ministry of Youth Affairs and Sports.

Adjustment in terminology for serial number 14, replacing "below" with "or equal to". Update for serial numbers 19A and 19B, changing the year from "2019" to "2020". Inclusion of new service category under serial number 24B for storage or warehousing of various agricultural products, exempted from tax.

Addition of service category 29B covering life insurance provided by Central Armed Police Forces under Group Insurance Schemes. Insertion of "Bangla Shasya Bima" under serial number 35 for tax treatment. Revision of threshold criteria for serial number 45 to align with exemption from registration under CGST Act, 2017.

Introduction of service category 82A, exempting right to admission to events organized under FIFA U-17 Women's World Cup 2020 from taxation.

These amendments, effective from October 1, 2019, aim to streamline tax regulations and provide clarity on taxable services.