MoF rescinds Notification No. 45/2017-Union

Jul 14, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance The Ministry of Finance (MoF) on July 13, 2022 has issued a notification to rescind Notification No. 45/2017-Union territory Tax (Rate) dated Novemeber 14, 2017 which specifies the exempted goods from the so much of the union territory tax leviable thereon under section 7 of the Central Goods and Services Act, 2017 , as in in excess of the amount calculated at the rate of 2.5 per cent., when supplied to the institutions along with the conditions.