GST Rate Amendments: CBIC Notification 09/2023-Union Territory Tax (Rate)

Central Board of Indirect Taxes and Customs (CBIC) has released Notification No. 09/2023-Union Territory Tax (Rate) on July 26, 2023, implementing the decisions made during the 50th GST Council Meeting.

Following the 50th GST Council Meeting held on July 11, 2023, the CBIC has issued Notification No. 09/2023-Union Territory Tax (Rate) to implement rate changes on specific goods. The amended rates include items such as uncooked/unfried snack pellets, fish soluble paste, LD slag, and imitation zari thread across different schedules. Notably, the GST Council has reduced rates to encourage better utilization of certain products and protect the environment.

MINISTRY OF FINANCE
(Department of Revenue)

Notification No. 09/2023-Union Territory Tax (Rate) | Dated: 26th July, 2023

G.S.R. 549(E).— In exercise of the powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) read with sub-section (5) of section 15 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 further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 1/2017-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. 710(E), dated the 28th June, 2017, namely:-

In the said notification, –

A. in Schedule I –2.5%,

(i) after S. No. 99A and entries relating thereto, the following S. No. and entries shall be inserted, namely: –

(ii) after S. No. 108 and entries relating thereto, the following S. No. and entries shall be inserted, namely: –

(iii) after S. No. 156A and entries relating thereto, the following S. No. and entries shall be inserted, namely:-

(iv) after serial number 218A and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –

B. in Schedule II–6%, against S. No. 137, for the entry in column (3), the entry “Metallised yarn, whether or not gimped, being textile yarn, or strip or the like of heading 5404 or 5405, combined with metal in the form of thread, strip or powder or covered with metal, other than- (i) real zari thread (gold) and silver thread combined with textile thread (ii) imitation zari thread or yarn known by any name in trade parlance” shall be substituted;

C. in Schedule III–9%,

(i) against S. No. 16, in column (3), for the words “toasted bread and similar toasted products”, the words “toasted bread and similar toasted products, un-fried or un-cooked snack pellets, by whatever name called, manufactured through process of extrusion” shall be substituted;

(ii) against S. No. 28, for the entry in column (3), the entry “Slag, dross (other than granulated slag), scalings and other waste from the manufacture of iron or steel, other than Linz-Donawitz (LD) slag” shall be substituted;

2. This notification shall come into force on 27^th July, 2023.

[F. No. 190354/133/2023-TRU]

NITISH KARNATAK, Under Secy.

Note: – The principal notification No.1/2017 – Union Tax (Rate), dated the 28^th June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 710(E), dated the 28^th June, 2017, and was last amended vide notification No. 03/2023 – Union Tax (Rate), dated the 28^th February, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 149(E), dated the 28^th February, 2023.