Seeks to insert explanation in an entry in notification No. 12/2017 – Union Territory Tax (Rate) by exercising powers conferred under section 8(3) of UTGST Act, 2017.

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[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 23/2018-Union Territory Tax (Rate)

New Delhi, the 20th September, 2018

G.S.R……(E).- In exercise of the powers conferred by sub-section (3) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary so to do for the purpose of clarifying the scope and applicability of the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.12/2017- Union Territory Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 703(E), dated the 28th June, 2017,   hereby inserts the following Explanation in   the said notification, in the Table, against serial number 41, in column (3),  namely:-

Explanation.- For the purpose of this exemption, the Central Government, State Government or Union territory shall have 50 per cent. or more ownership in the entity  directly  or  through  an  entity  which  is  wholly  owned  by  the  Central Government, State Government or Union territory.”.

[F. No.354/300/2018-TRU]

(Mohit Tewari)
Under Secretary to the Government of India

Note: -The principal notification No. 12/2017 – Union Territory Tax(Rate) was published in the Gazette of India, Extraordinary, dated the 28th June, 2017, vide number G.S.R. 703 (E), dated the 28th  June, 2017 and was last amended by notification No. 14/2018- Union Territory Tax (Rate), dated the 26th July, 2018 vide number G.S.R. 688 (E), dated the 26th July, 2018.

UTGST (Rate) Notification PDF Format – Download Here

 

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