Union Territory Tax Notification (Rate) 23/2018 – Seeks to insert explanation in an entry in notification No. 12/2017 Union Territory Tax(R) by exercising powers conferred under section 8(3) of UTGST Act, 2017.

Union Territory Tax Notifications (Rate)

UTGST Notification rate 23/2018

In exercise of the powers conferred by sub-section (3) of section 8 of the
Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central
Government, on the recommendations of the Council, and on being satisfied
that it is necessary so to do for the purpose of clarifying the scope and
applicability of the notification of the Government of India, in the
Ministry of Finance (Department of Revenue) No.12/2017- 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.
703(E), dated the 28th June, 2017, hereby inserts the following Explanation
in the said notification, in the Table, against serial number 41, in column
(3), namely:-

“Explanation.- For the purpose of this exemption, the Central Government,
State Government or Union territory shall have 50 per cent. or more
ownership in the entity directly or through an entity which is wholly owned
by the Central Government, State Government or Union territory.”.