[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 2/2017 - Compensation Cess (Rate)
New Delhi, the 28th June, 2017
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 Services |
Chapter, Section, Heading or Group |
Rate |
|
(1) |
(2) |
(3) |
(4) |
|
1 |
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 |
Chapter 99 |
Same rate of cess as applicable on supply of similar goods involving transfer of title in goods |
|
2 |
Transfer of right in goods or of undivided share in goods without the transfer of title thereof |
Chapter 99 |
Same rate of cess as applicable on supply of similar goods involving transfer of title in goods |
| 2[ 2A | Leasing of motor vehicles purchased and leased prior to 1st July 2017 | Chapter 99 |
65 per cent.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 1st day of July, 2020”.] |
|
3 |
Any other supply of services |
Chapter 99 |
Nil |
2. 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.
3. This notification shall come into force with effect from 1st day of July, 2017.
[F.No. 334/1/2017-TRU]
.
(Ruchi Bisht)
Under Secretary to the Government of India
1.Corrigendum Dated 01/07/2017
2. Inserted vide:- Notification No. 6/2017- Compensation Cess (Rate) dt. 13/10/2017