Notification No. 6/2017- Compensation Cess (Rate): 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.

Important Keyword: Section 8(2)(1) GST Act 2017, F. No. 354/173/2017-TRU, Notification No. 6/2017- Compensation Cess (Rate).

[F. No. 354/173/2017-TRU]
Government of India
Ministry of Finance
(Department of Revenue)

New Delhi, the 13^th October, 2017

Notification No. 6/2017- 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 makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 2/2017-Compensation Cess (Rate), dated the 28^thJune, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number

G.S.R. 709 (E), dated the 28^thJune, 2017, namely:-

(a)     after serial number 2 and the entries relating thereto, the following serial number and the entries shall be inserted namely:-

(1)	(2)	(3)	(4)
“2A	Leasing of motor vehicles purchased and leased prior to 1st July 2017	Chapter 99	65percent.of the rate of cess as applicable on supply of similar goods involving transfer of title in goods. Note:- Nothing contained in this entry shall apply on or after 1stday of July, 2020”.

(Ruchi Bisht)
Under Secretary to the
Government of India

Note: -The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 2/2017 – Compensation Cess (Rate), dated the 28^thJune, 2017, vide number G.S.R. 709 (E), dated the 28^th June, 2017.

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Web Stories: Notification No. 47/2017 – Central Tax (Rate): Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018.

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