Union Territory Tax Notifications (Rate)
UTGST Notification rate 08/2019
Title | Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) so as to notify UTGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector. |
Number | 08/2019 |
Date | 29-03-2019 |
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1) In exercise of the powers conferred by sub-section (1) of section 7, clause
(iv) of section 21 of the Union Territory Goods and Services Tax Act, 2017 (14
of 2017), read with subsection (5) of section 15 of the Central Goods and
Services Tax Act, 2017 (12 of 2017) (herein after referred to as the “said
Act”), the Central Government, on the recommendations of the Council, hereby
makes the following further amendments in the notification of the Government of
India in the Ministry of Finance (Department of Revenue), No.1/2017- Union
Territory (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. 710 (E),
dated the 28th June, 2017, namely:-
In the said notification, in Schedule III – 9%, after serial number 452P in
column (1) and the entries relating thereto, the following serial number and
entries shall be inserted, namely: –
(1) | (2) | (3) |
---|---|---|
“452Q | Any chapter |
Supply of any goods other than capital goods and cement falling Explanation. For the purpose of this entry,– (i) the term “promoter” shall have the same meaning as assigned to it (ii) “project” shall mean a Real Estate Project (REP) or a Residential (iii) the term “Real Estate Project (REP)” shall have the same (iv) “Residential Real Estate Project (RREP)” shall mean a REP in (v) This entry is to be taken to apply to all goods which satisfy the |
2) This notification shall come into force with effect from the 1 st of April,
2019