Seeks to amend notification no. 1/2017- Union Territory tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding gst rates. - 41/2017 - Union Territory GST (UTGST) Rate
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GST rate amendment alters Union Territory tax schedules, redefining classification and branded goods concessions, effective imminently. This notification amends the Union Territory GST (Rate) schedule by substituting, inserting and omitting numerous serial entries and tariff descriptions across Schedules I to V to implement GST Council decisions, including specific reclassifications, new entries for items and permanent transfers of IP rights, and conditions for concessional treatment of goods bearing a registered brand name; it clarifies the scope of registered brand and specifies the commencement in November 2017.
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GST rate amendment alters Union Territory tax schedules, redefining classification and branded goods concessions, effective imminently.
This notification amends the Union Territory GST (Rate) schedule by substituting, inserting and omitting numerous serial entries and tariff descriptions across Schedules I to V to implement GST Council decisions, including specific reclassifications, new entries for items and permanent transfers of IP rights, and conditions for concessional treatment of goods bearing a registered brand name; it clarifies the scope of registered brand and specifies the commencement in November 2017.
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