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Notification No. 2/2017- Compensation Cess (Rate): To notify the rates of compensation cess on supply of specified services

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Important Keyword: F. No. 334/1/2017-TRU, Notification No. 2/2017- Compensation Cess (Rate), Section 8(2) GST Act 2017.

[F. No. 334/1/2017-TRU]
Government of India
Ministry of Finance
(Department of Revenue)

New Delhi, the 28th June, 2017

Notification No. 2/2017- Compensation Cess (Rate)

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

G.S.R……(E).- In exercise of the powers conferred by sub-section (1) and 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 notifies, that the cess, on the supply of services of description specified in column (2) of the Table below and falling in Chapter, Section, Heading or Group specified in column (3) of the said Table, shall be levied at the rate specified in the corresponding entry in column (4) of the said Table.

Table
Sl. No.  Description of ServicesChapter, Section, Heading or GroupRate (in per-cent.)
(1)(2)(3)(4)
  1Transfer 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  Chapter 99Same rate of cess as applicable on supply of similar  goods  involving transfer of title in goods
  2Transfer of right in goods or of undivided share in goods without the transfer of title thereof  Chapter 99Same rate of cess as applicable on supply of similar  goods  involving transfer of title in goods
3Any other supply of servicesChapter 99Nil
  • Explanation.- Reference to “Chapter”, “Section”, “Heading” or “Group”, wherever they occur, unless the context otherwise requires, shall mean respectively as “Chapter, “Section” and “Heading” in the scheme of classification of services.
  • This notification shall come into force with effect from 1st day of July, 2017.

(Ruchi Bisht)
Under Secretary to the
Government of India

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Web Stories: Notification No. 46/2017 – Integrated Tax (Rate): Seeks to amend notification no. 5/2017- Integrated tax(rate) dated 28.06.2017 to give effect to GST council decisions regarding restriction of ITC on certain fabrics.

Official Income Tax Return filing website: https://incometaxindia.gov.in/

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