Your safest bet is to apply the timezone value including the DST changeover dates/times.
NTP doesn't do anything for DST, that is only a protocol to keep the internal computer clock (which runs in CUT or GMT timezone) synchronized with a time server.
DST is a rule that defines how to present the internal computer clock to the users or to the system processes: how many hours/minutes ahead/behind CUT in standard time and how many hours/minutes ahead/behind CUT in daylight savings time, and when to changeover between standard and daylight savings time and back occur.
Remember that if you change the TZ value in the file /etc/environment, you need to reboot the server for the change to come into effect for all OS daemon processes. That is especially so for cron, which operates according to the wall clock time...
HTH,
p5wizard