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Date: 20-Nov-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in State Tax

Issued by Government of The National Capital Territory of Delhi · Finance Department

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Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Government of the National Capital Territory of Delhi announces an amendment to a previous notification regarding the rate of tax collection at source (TCS) under the Delhi Goods and Services Tax (DGST) Act, 2017.
  • Specifically, it reduces the TCS rate from half percent (0.5%) to 0.25 percent.

Key Changes

  • The notification amends the earlier notification No. 52/2018-State Tax, dated 02nd September, 2019.
  • The key change is the reduction of the TCS rate from 0.5% to 0.25%.
  • This change is effective retrospectively from July 10, 2024.

Impact Analysis

Businesses

  • Businesses may need to reconcile their accounts for the period from July 10, 2024 till date to account for the reduced TCS rate.

Consumers

  • This reduction may lead to a slight decrease in the overall cost of goods and services for consumers.

Government

  • The government may need to monitor the impact of this change on compliance and collection.

Action Items

  • The government should assess the impact of this change on revenue collection and compliance.

Key Entities Referenced

Delhi Goods and Services Tax Act, 2017: The primary legislation governing the collection of Goods and Services Tax in Delhi. Notification No. 52/2018-State Tax: The original notification that is being amended by this notification. It established the previous TCS rate of 0.5%. Government of the National Capital Territory of Delhi: The issuing authority of this gazette notification. Lieutenant Governor of National Capital Territory of Delhi: The authority that has issued the notification based on the recommendations of the Council.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33002/99 REGD. No. D. L.-33002/99 भारत सरकार GOVERNMENT OF INDIA एस.जी.-डी.एxxलx.G-अID.H-2xx2x1 12024-258818 SG-DLxx-ExG-2ID2E1x1x2x0 24-258818 असाधारण EXTRAORDINARY प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 291] दिल्ली, बधु वार, नवम् बर 20, 2024/कार्तकि 29, 1946 [रा.रा.रा.क्षे.दि. स.ं 256 No. 291] DELHI, WEDNESDAY, NOVEMBER 20, 2024/KARTIKA 29, 1946 [N. C. T. D. No. 256 भाग IV PART IV राष्ट्रीय रािधानी राज्य क्षत्रे दिल्ली सरकार GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI I fnYyh] 20 uoEcj] 2024 I I —jk"Vªh; jkt/kkuh {ks= fnYyh ds mijkT;iky] fnYyh eky vkSj lsok dj vf/kfu;e] 2017¼2017 dk 03½ dh /kkjk 52 dh mi/kkjk ¼1½ }kjk çnÙk 'kfä;ks a dk ç;kxs djrs gq,] jk’Vªh; jkt/kkuh {ks= fnYYkh ds mijkT;iky] ifj"kn~ dh flQkfj'kks a ij] fnYyh ds jkti=] vlk/kkj.k ds Hkkx&IV esa] la-Qk- 03¼21½@foÙk¼O;;&I½ 2019&20@Mh,l& VI@386] rkjh[k 02 flracj] 2019 }kjk çdkf'kr] bl ljdkj dh vf/klwpuk la- 52@2018&jkT; dj es a fuEufyf[kr vkSj la'kk/s ku djr s gSa] vFkkZr%& mä vf/klwpuk esa]Þvk/k s izfr” krß 'kCnkas ds LFkku ij Þ0-25 izfr” krß 'kCn vkSj vda j[ks tk,axsA 2- ;g vf/klwpuk 10 tqykbZ 2024 ls ykxw ekuh tk,xhA राष्ट्रीय रािधानी क्षेत्र दिल्ली के उप-राज्यपाल के आिेि स े तथा उनके नाम पर, I 7494 DG/2024 (1)2 DELHI GAZETTE : EXTRAORDINARY PART IV] FINANCE (EXPENDITURE-I) DEPARTMENT NOTIFICATION Delhi, the 20th November, 2024 No. 15/2024-State Tax F. No. 3 (16)/Fin.(Exp-I)/2024-25/DS-I/993.—In exercise of the powers conferred by sub section (1) of section 52 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), the Lieutenant Governor of National Capital Territory of Delhi, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of National Capital Territory of Delhi No. 52/2018-State Tax, dated the 02nd September, 2019 published in the Gazette of NCT of Delhi, Extraordinary, Part IV, vide number F.3(21)/Fin. (Rev-I)/2019-20/DS-VI/386 dated 02-09-2019, namely:- In the said notification, for the words “half per cent.”, the figure and word “0.25 per cent.” shall be substituted. 2. This notification shall be deemed to have come into force with effect from the 10th day of July, 2024. By Order and in the Name of the Lt. Governor of the National Capital Territory of Delhi RAVINDER KUMAR, Dy. Secy. (Exp.-I) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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