Union Territory Tax seeks to further amend notification No. 2/2017 - Union Territory Tax so as to prescribe effective rate of tax under composition scheme for manufacturers and other suppliers - 1/2018 - Union Territory GST (UTGST)
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Composition scheme rate adjusted to a lower rate and clarified basis to taxable supplies of goods. The notification amends Notification No.2/2017-Union Territory Tax by substituting the words 'one per cent.' in clause (i) with a lower rate expression and, in clause (iii), replacing 'half per cent. of the turnover' with 'half per cent. of the turnover of taxable supplies of goods,' thereby refining the composition scheme rate wording and restricting the taxable base to turnover of taxable supplies of goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition scheme rate adjusted to a lower rate and clarified basis to taxable supplies of goods.
The notification amends Notification No.2/2017-Union Territory Tax by substituting the words "one per cent." in clause (i) with a lower rate expression and, in clause (iii), replacing "half per cent. of the turnover" with "half per cent. of the turnover of taxable supplies of goods," thereby refining the composition scheme rate wording and restricting the taxable base to turnover of taxable supplies of goods.
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