Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

Last updated: 09 April 2020

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This notification introduces a conditional reduction in the interest rate for Union Territory Goods and Services Tax (UTGST). The reduced rate applies to tax periods from February 2020 to April 2020. This measure aims to provide financial relief to taxpayers during this period.

[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)

Central Board of Indirect Taxes and Customs

Notification No. 1/2020 – Union Territory Tax

New Delhi, the 8 th April, 2020

G.S.R.....(E).—In exercise of the powers conferred by section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), read with sub-section (1) of section 50 and section 148 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 amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/2017 –

Union Territory Tax, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 747(E), dated the 30th June, 2017, namely:–

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FAQ :

The notification seeks to provide relief by conditionally lowering the interest rate for Union Territory Goods and Services Tax (UTGST) for specific tax periods.

The conditional lowering of the interest rate applies to the tax periods of February 2020 to April 2020.

This notification concerns Union Territory Goods and Services Tax (UTGST).

This notification is issued by the Central Government, through the Ministry of Finance (Department of Revenue) and the Central Board of Indirect Taxes and Customs.

The notification is issued in exercise of the powers conferred by section 21 of the Union Territory Goods and Services Tax Act, 2017, read with sub-section (1) of section 50 and section 148 of the Central Goods and Services Tax Act, 2017.

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Notification No : 01/2020-Union Territory Tax
Published in GST
Source : http://www.cbic.gov.in/htdocs-cbec/gst/Notification-01-2020-Union-Territory-Tax-English.pdf

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