Sec 2(115) – Union Territory Tax

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Sec 2(115) – Union Territory Tax 2017-04-28T23:50:12+00:00

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  • Ashish BadalaCA Ashish Badala
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    #1909 |
     "Union territory tax" means the Union territory goods and services tax levied under the Union Territory Goods and Services Tax Act;
    Priya MadrechaPriya Madrecha
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    It refers to the tax charged under the UTGST Act on intra-State supply of goods or services or both (i.e., supplies effected within a Union Territory not having a Legislature), in addition to the tax levied under the CGST law. The rate of UT tax is capped at 20%, and will be notified by the Central Government based on the recommendation of the Council.

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