Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. - 27/2018 - Union Territory GST (UTGST) Rate
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UTGST rate changes: revised service classifications and new renewable-energy construction service rate effective early January. Notification amends the UTGST rate schedule by reclassifying service items and assigning specified rates: inserting a pilgrimage-related non-scheduled air transport entry with a concessional rate subject to non availability of input tax credit on goods used; assigning a lower rate to third-party insurance of goods carriage; reallocating rates for financial, leasing and rental services and for high-priced cinematograph admissions; and adding a new entry taxing construction/engineering/installation services for renewable- and waste-to-energy and related devices. Definitions for 'specified organisation' and 'goods carriage' are added. Effective from the first day of January, 2019.
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Provisions expressly mentioned in the judgment/order text.
UTGST rate changes: revised service classifications and new renewable-energy construction service rate effective early January.
Notification amends the UTGST rate schedule by reclassifying service items and assigning specified rates: inserting a pilgrimage-related non-scheduled air transport entry with a concessional rate subject to non availability of input tax credit on goods used; assigning a lower rate to third-party insurance of goods carriage; reallocating rates for financial, leasing and rental services and for high-priced cinematograph admissions; and adding a new entry taxing construction/engineering/installation services for renewable- and waste-to-energy and related devices. Definitions for "specified organisation" and "goods carriage" are added. Effective from the first day of January, 2019.
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