Compensation cess (Rate) Notification No 01 of 2018 dt 25th January, 2018 under GST

  

Notification no 01/2018 Compensation cess (Rate) date on 25th January, 2018, GST

 

seeks to amend Notification No.1/2017-Compensation Cess (Rate).  

The extract of GST Notification No. 01/2018- Compensation cess (Rate) is given below: 

Notification No. 01/2018- Compensation cess (Rate), GST

 

 

 

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

 

Notification No. 1/2018-Compensation Cess (Rate)

 

New Delhi, the 25th January, 2018

 

G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 1/2017-Compensation Cess (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720 (E), dated the 28th June, 2017, namely,-

 

In the said notification, in the Schedule, -

 

(i)                 after S. No. 42 and the entries relating thereto, the following serial numbers and the entries shall be inserted

 

(1)

(2)

(3)

(4)

 

 

 

 

42A.

87

All old and used motor vehicles

NIL

 

 

Explanation: Nothing contained in this entry shall apply

 

 

 

if the supplier of such goods has availed input tax credit

 

 

 

as defined in clause (63) of section 2 of the Central Goods

 

 

 

and Services Tax Act, 2017, CENVAT credit as defined

 

 

 

in CENVAT Credit Rules, 2004, or the input tax credit of

 

 

 

Value  Added  Tax  or  any  other  taxes  paid  on  such

 

 

 

vehicles.

 

 

 

 

 

 

(ii)               in S. No. 43, for the entry in column (2), the entry “8702 or 8703”, shall be substituted;

 

 

(Ruchi Bisht)

Under Secretary to the Government of India

 

Note: The principal notification No.1/2017-Compensation Cess (Rate) dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 720(E), dated the 28th June, 2017 and last amended vide notification No. 6/2017-, Compensation Cess (Rate) dated the 13th October, 2017, published vide number G.S.R.1282(E), dated the 13th October, 2017.

 

 

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