THE UNION TERRITORY GOODS AND SERVICES TAX (AMENDMENT) BILL, 2018
GST
Dated:- 8-8-2018
AS INTRODUCED IN LOK SABHA
BILL No. 145 of 2018
THE UNION TERRITORY GOODS AND SERVICES TAX (AMENDMENT) BILL, 2018
A
BILL
to amend the Union Territory Goods and Services Tax Act, 2017.
BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:-
Short title and commencement
1. (1) This Act may be called the Union Territory Goods and Services Tax (Amendment) Act, 2018.
(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Amendment of section 7
2. In section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) (hereinafter referred to as the principal Act), for sub-section (4), the following sub-section shall be substituted, namely:
"(4) The Government may, on the recommendations of the Council, by notification, specify a class of registered persons who sha
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the input tax credit on account of Union territory tax shall be utilised towards payment of integrated tax or Union territory tax, as the case may be, only after the input tax credit available on account of integrated tax has first been utilised towards such payment.
Order of utilisation of input tax credit.
9B. Notwithstanding anything contained in this Chapter and subject to the provisions of clause (c) of section 9, the Government may, on the recommendations of the Council, prescribe the order and manner of utilisation of the input tax credit on account of integrated tax, central tax, State tax or Union territory tax, as the case may be, towards payment of any such tax.".
STATEMENT OF OBJECTS AND REASONS
The Union Territory Goods and Services Tax Act, 2017 (the Act) was enacted with a view to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Union territories.
2. The Act provides for certain provisions for smooth tra
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both from unregistered suppliers;
(ii) to amend section 9 of the Act so as to provide that input tax credit on account of the Union territory tax shall be utilised towards payment of integrated tax only when the balance of the input tax credit on account of central tax is not available for payment of integrated tax; and
(iii) to insert new sections 9A and 9B relating to "Utilisation of input tax credit" and "Order of utilisation of input tax credit".
4. The Bill seeks to achieve the above objectives.
PIYUSH GOYAL
NEW DELHI;
The 6th August, 2018.
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PRESIDENT'S RECOMMENDATION UNDER ARTICLE 117 AND 274 OF THE CONSTITUTION OF INDIA
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[Copy of D.O. No. S-31011/9/2018-ST-I-DoR dated 6th August, 2018 from Shri Piyush Goyal, Minister of Finance to the Secretary General, Lok Sabha]
The President, having been informed of the subject matter of the Union Territory Goods and Services Tax (Amendment) Bill, 2018, recommends the introduction of the Union Territory G
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ANNEXURE
EXTRACTS FROM THE UNION TERRITORY GOODS AND SERVICES TAX ACT, 2017 (14 OF 2017)
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CHAPTER III
LEVY AND COLLECTION OF TAX
Levy and collection
7. (1) * * * * *
(4) The Union territory tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered, to a registered person shall be paid by such person on reverse charge basis as the recipient and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both.
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CHAPTER IV
PAYMENT OF TAX
Payment of tax.
9. The amount of input tax credit available in the electronic credit ledger of the registered person on account of,-
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(b) the Union territory tax shall first be utilised towards payment of Union territory tax and the amount remaining, if any, may be utilised towards payment of integrated tax;
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LOK SABHA
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