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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 (in per-cent.) |
| (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 |
| 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.
(Ruchi Bisht)
Under Secretary to the Government of India
[F.
No. 334/1/2017-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CORRIGENDUM
New Delhi, the 1st July, 2017
G.S.R. (E). – In the English version of the notification of the Government of
India in the Ministry of Finance (Department of Revenue), No.
2/2017-Compensation Cess (Rate), dated the 28th June, 2017 published in the
Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number
G.S.R. 709 (E), dated the 28th June, 2017, at page 59, in line 38, for “scheme
of classification of services”, read “scheme of classification of services
annexed to notification No. 11/2017-Central Tax (Rate), published in the Gazette
of India, Extraordinary, Part II, Section 3, Sub-section (i), dated 28th June,
2017, vide number G.S.R. 690(E), dated 28th June, 2017.”.
(Mohit Tiwari)
Under Secretary to the Government of India
[F.
No. 334/1/2017 –TRU]
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