Compensation cess (Rate) Notification No 02 of 2018 dt 26th July, 2018 under GST

Posted on 11 June 2022 Category : Notifications

Notification no 02/2018 Compensation cess (Rate) date on 26th July, 2018, GST

Seeks to amend Notification No. 1/2017 -Compensation Cess (Rate) dated 28.06.2017 togive effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018.

The extract of GST Notification No. 02/2018- Compensation cess (Rate) is given below:

Notification No. 02/2018- 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. 2/2018-Compensation Cess (Rate)

New Delhi, the 26^th July, 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 further 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. 41 and the entries relating thereto, the following serial numbers and the entries shall be inserted, namely:-

“41A	27	Coal rejects supplied by a coal washery, arising out of	NIL”;
		coal on which compensation cess has been paid and no
		input tax credit thereof has not been availed by any
		person.

(ii) after S. No. 42 A and the entries relating thereto, the following serial numbers and the entries shall be inserted, namely:-

“42B	87	Fuel Cell Motor Vehicles	NIL”.

This notification shall come into force on the 27^th July, 2018.

[F. No. 354/255/2018-TRU]

(Gunjan Kumar Verma)

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. 1/2018-Compensation Cess (Rate) dated the 25^th January, 2018, published vide number G.S.R.93(E), dated the 25^th January, 2018.

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)

Corrigendum

New Delhi, the 2^nd August, 2018

G.S.R. (E). - In the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 2/2018-Compensation Cess (Rate), dated the 26^th July, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 704(E), dated the 26^th July, 2018, -

(i) at page 56, in line 13, for “and no” read “and”.

[F.No.354/255/2018-TRU (Pt-II)]

(Gunjan Kumar Verma)

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. 2/2018-Compensation Cess (Rate) dated the 26th July, 2018, published vide number G.S.R.704(E), dated the 26th July, 2018.

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