Seeks to amend notification No. 1/2017-Integreated Tax (Rate) to prescribe change in IGST rate of goods.

Last updated: 26 March 2020

Save Share

Quick Summary

This notification introduces amendments to the Integrated Goods and Services Tax (IGST) rate for certain goods. It specifically modifies Notification No. 1/2017-Integrated Tax (Rate) to reflect these changes. The amendments are made by the Central Government based on the recommendations of the Council, exercising powers under the Union Territory Goods and Services Tax Act, 2017.

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

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

Notification No. 03/2020-Union territory Tax (Rate)

New Delhi, the 25th March, 2020

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) read with sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), 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 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. 710(E), dated the 28th June, 2017, namely:-

To know more in details,click here

FAQ :

The notification seeks to amend the existing IGST rate for goods as prescribed in Notification No. 1/2017-Integrated Tax (Rate).

Notification No. 1/2017-Union territory Tax (Rate), dated 28th June, 2017, is being amended.

The notification has been issued by the Central Government, Ministry of Finance (Department of Revenue).

The amendments are made on the recommendations of the Council.

The Central Government is exercising powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017, read with sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017.

Notification No : 03/2020-Union Territory tax(rate)
Source : http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-03-2020-utgst-rate-english.pdf

84 Views Comment Share GST Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments