Union Territory Tax Notification (Rate) 09/2019 – Seeks to amend notification No. 02/2019- Union Territory Tax (Rate) so as to provide for application of Composition rules to persons opting to pay tax under notification no. 2/2019- Union Territory Tax (Rate).

Union Territory Tax Notifications (Rate)

UTGST Notification rate 09/2019

1) In exercise of the powers conferred by sub-section (1) of section 7,
sub-section (1) of section 8, clause (v) of section 21 of the Union Territory
Goods and Services Tax Act, 2017 (14 of 2017), read with sub-section (1) of
section 16 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (herein
after referred to as the “said Act”), the Central Government, on the
recommendations of the Council, and on being satisfied that it is necessary in
the public interest so to do, hereby makes the following amendments in the
notification of the Government of India, in the Ministry of Finance (Department
of Revenue) No.02/2019- Union Territory Tax (Rate), dated the 7th March, 2019,
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 191(E), dated the 7th March, 2019, namely:-

In the said notification, –

(i) in the Table, in column 3, after clause 7, the following clause shall be
inserted, namely: –

“8. Where any registered person who has availed of input tax credit opts to pay
tax under this notification, he shall pay an amount, by way of debit in the
electronic credit ledger or electronic cash ledger, equivalent to the credit of
input tax in respect of inputs held in stock and inputs contained in
semi-finished or finished goods held in stock and on capital goods as if the
supply made under this notification attracts the provisions of section 18(4) of
the said Act and the rules made there-under and after payment of such amount,
the balance of input tax credit, if any, lying in his electronic credit ledger
shall lapse.”;

(ii) in paragraph 3, in the Explanation, after clause (ii), the following
clause shall be inserted, namely: –

“(iii) the Central Goods and Services Tax Rules, 2017, as applicable to a
person paying tax under section 10 of the said Act shall, mutatis mutandis,
apply to a person paying tax under this notification.”.

2) This notification shall come into force on the 1st day of April, 2019.