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Summary of Notifications Under Cess and Cess Rate Till Date
Prakash Matre at March 22, 2023
NOTIFICATIONS UNDER COMPENSATION CESS TILL 31ST OCT 2017
| S.No. | Date Of Notification | Effective Date | Notification No. | Subject | Summary |
|---|---|---|---|---|---|
| 1 | 28-Jun-17 | 1-Jul-17 | 1 | Seeks to appoint the 1st day of July, 2017, as the date on which all the provisions of Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017) shall come into force | Provisions of Goods and Services Tax (Compensation to States) Act, 2017 are notified. |
NOTIFICATIONS UNDER COMPENSATION CESS (RATE) TILL 31ST OCT 2017
| S.No. | Date Of Notification | Effective Date | Notification No. | Subject | Summary |
|---|---|---|---|---|---|
| 1 | 28-Jun-17 | 1-Jul-17 | 1 | Seeks to notify Rates of goods and services tax compensation cess under Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017) | Pan-masala, Aerated waters, Lemonade, Tobacco, Cigarettes and Motor vehicles are notified with different rates of cesses. |
| 2 | 28-Jun-17 | 1-Jul-17 | 2 | To notify the rates of compensation cess on supply of specified services | Same rate of cess as applicable on supply of similar goods involving transfer of title in goods is chargeable on Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration and Transfer of right in goods or of undivided share in goods without the transfer of title thereof. |
| 3 | 18-Jul-17 | 18-Jul-17 | 3 | Seeks to amend notification No. 1/2017- Compensation Cess (Rate), dated 28th, June, 2017 so as to increase the Compensation Cess rates on cigarettes as mentioned in the notification with effect from 18th, July, 2017 | Amended Notification No. 1/2017- Compensation Cess (Rate), dated 28th, June, 2017 so as to increase the Compensation Cess rates on cigarettes. |
| 4 | 20-Jul-17 | 20-Jul-17 | 4 | Seeks to exempt intra-State supplies of second hand goods received by a registered person, dealing in buying and selling of second hand goods and who pays the goods and services tax compensation cess on the value of outward supply of such second hand goods, as determined under sub-rule (5) of rule 32 of the Central Goods and Services Tax Rules, 2017, from any supplier, who is not registered, from the whole of the goods and services tax compensation cess leviable thereon under section 8 of the Goods and Services Tax (Compensation to States) Act, read with sub-section (4) of Section 9 of the Central Goods and Services Tax Act | Exempted intra-State supplies of second hand goods received by a registered person, dealing in buying and selling of second hand goods and who pays the goods and services tax compensation cess on the value of outward supply of such second hand goods, as determined under sub-rule (5) of rule 32 of the Central Goods and Services Tax Rules, 2017, from any supplier, who is not registered, from the whole of the goods and services tax compensation cess leviable thereon under section 8 of the Goods and Services Tax (Compensation to States) Act, read with sub-section (4) of Section 9 of the Central Goods and Services Tax Act |
| 5 | 11-Sep-17 | 11-Sep-17 | 5 | The notification amends the rates of compensation cess on various motor vehicles. | Amended the rates of compensation cess on various motor vehicles. |
| 6 | 13-Oct-17 | 13-Oct-17 | 6 | Seeks to amend notification No. 2/2017-Compensation Cess (Rate) regarding reduction in cess rates for leasing of motor vehicles purchased and leased prior to 01.07.2017. | Amended Notification No. 2/2017-Compensation Cess (Rate) regarding reduction in cess rates for leasing of motor vehicles purchased and leased prior to 01.07.2017. |
| 7 | 13-Oct-17 | 13-Oct-17 | 7 | Seeks to prescribe compensation cess rate on the leasing of motor vehicles. | Seeks to prescribe compensation cess rate on the leasing of motor vehicles. |
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