Amendment to Union Territory Goods and Services Tax Act

Notification G.S.R (E) announces amendments to the Union Territory Goods and Services Tax Act, 2017, focusing on cement taxation. The Central Government, acting on Council recommendations, modifies Notification No. 07/2019- Union Territory Tax (Rate) dated March 29, 2019.

Specifically targeting serial number 2 in the notification's Table, the amendment substitutes the entry in column (2) concerning cement. Cement, categorized under chapter heading 2523 in the Customs Tariff Act, 1975, is subject to the revised entry outlined in the notification.

Effective from October 1, 2019, the modified notification aims to streamline tax rates applicable to cement under the Union Territory Goods and Services Tax Act. Signed by Ruchi Bisht, Under Secretary to the Government of India, the amendment ensures clarity and consistency in tax regulations related to cement.

Stakeholders in the construction and manufacturing sectors should take note of this change to comply with updated tax regulations. By updating tax rates for cement, the government aims to address industry-specific concerns and foster growth in relevant sectors.

This amendment reflects the government's commitment to regular review and refinement of tax policies to support economic development and efficiency. Interested parties are urged to familiarize themselves with the amended regulations to ensure compliance and mitigate any potential impacts on business operations.