Amendment in Union Territory Tax Rate Notification
Central Government amends notification No. 02/2019-Union Territory Tax (Rate) on March 7, 2019.
Amendment made under sub-section (1) of section 7, sub-section (1) of section 8, and clause (v) of section 21 of the UTGST Act.
New clause inserted for registered persons opting to pay tax under the notification.
Amendment clarifies the treatment of input tax credit for such taxpayers.
Explanation added, applying Central Goods and Services Tax Rules, 2017 to taxpayers under this notification.
Effective from April 1, 2019, as per Deputy Secretary to the Government of India, Pramod Kumar.
Aimed at providing clarity and streamlining tax procedures for registered persons.