The Ministry of Finance, Department of Revenue, issued Notification No. 03/2024-Union Territory Tax (Rate) on 12th July 2024. This notification brings forth crucial amendments to the Union Territory Goods and Services Tax (UTGST) Act, 2017. The changes primarily concern the classification and taxation of agricultural produce based on packaging criteria. Effective from 15th July 2024, these amendments aim to clarify the tax treatment of pre-packaged and labelled goods under the UTGST framework.
CBIC notifies vide Notification No. 03/2024-Union Territory Tax (Rate) | Dated: 12th July, 2024 that notwithstanding anything contained in the Legal Metrology Act, 2009 (1 of 2010) and the rules made thereunder, as amended from time to time, the supply of agricultural farm produce in package(s) of commodities containing quantity of more than 25 kilogram or 25 litre shall not be considered as a supply made within the scope of expression ‘pre-packaged and labelled’
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MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 03/2024-Union Territory Tax (Rate) | Dated: 12th July, 2024
G.S.R. 401(E).— In exercise of the powers conferred by sub-section (1) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 2/2017-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.711(E), dated the 28th June, 2017, namely:-
In the said notification, after the Schedule, in the Explanation, in clause (ii), after the entries relating thereto, the following proviso shall be inserted, namely:-
“Provided that notwithstanding anything contained in the Legal Metrology Act, 2009 (1 of 2010) and the rules made thereunder, as amended from time to time, the supply of agricultural farm produce in package(s) of commodities containing quantity of more than 25 kilogram or 25 litre shall not be considered as a supply made within the scope of expression ‘pre-packaged and labelled’.”.
2. This notification shall come into force on the 15th day of July, 2024.
[F. No. 190354/94/2024-TRU]
NITISH KARNATAK, Under Secy.
Note: The principal notification No. 2/2017-Union Territory Tax (Rate), dated the 28th June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 711(E), dated the 28th June, 2017, and was last amended vide notification No. 18/2023-Union Territory Tax (Rate) dated the 19th October, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 779(E), dated the 19th October, 2023.
