Executive Summary:
This notification, No. 3/2017, published on July 18, 2017, amends the Government of India's notification No. 1/2017, dated June 28, 2017, regarding Compensation Cess Rates. The amendments, effective from July 18, 2017, revise entries in the schedule related to the Goods and Services Tax Compensation to States Act, 2017. These changes involve substituting entries in column 4 of the schedule against specified serial numbers.
Key Points / Main Content:
Amendments to Compensation Cess Rate:
* The notification amends the Compensation Cess Rate as per the Goods and Services Tax Compensation to States Act, 2017.
Schedule Amendments:
* S. No. 10: The entry in column 4 is substituted with "5 Rs. 2076 per thousand".
* S. No. 11: The entry in column 4 is substituted with "5 Rs. 3668 per thousand".
* S. No. 12: The entry in column 4 is substituted with "5 Rs. 2076 per thousand".
* S. No. 13: The entry in column 4 is substituted with "5 Rs. 2747 per thousand".
* S. No. 14: The entry in column 4 is substituted with "5 Rs. 3668 per thousand".
* S. No. 15: The entry in column 4 is substituted with "36 Rs. 4170 per thousand".
Effective Date:
* The notification is effective from July 18, 2017.
Impact Analysis:
Central Government:
Impact: Responsible for implementing and enforcing the amended Compensation Cess Rates.
Action Required: Ensure compliance with the amended rates in accordance with the Act.
State Governments:
Impact: Collection of compensation cess.
Action Required: To take note of the changes to compensation cess rates.
Businesses/Taxpayers:
Impact: Businesses involved in the supply of goods and services affected by the compensation cess.
Action Required: To take note of the changes to compensation cess rates and comply with the changes from July 18, 2017.
Key Entities Referenced
Goods and Services Tax Compensation to States Act, 2017: This act is the legal basis for the notification, providing the central government power to make amendments regarding compensation cess rates.
Central Government: The entity responsible for making the amendments to the compensation cess rates, based on recommendations from the Council.
Council: The entity that provides recommendations to the Central Government regarding amendments to the compensation cess rates.
Ministry of Finance: The government ministry under which the Department of Revenue operates and issues the notification.
Department of Revenue: The department within the Ministry of Finance responsible for issuing the notification regarding compensation cess rates.
New Delhi, Delhi: The location where the notification was issued.
G.S.R. 892E: The number assigned to the notification in the Gazette of India.
Mohit Tewari: The Under Secretary who signed the notification.
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No. 638] NEW DELHI, TUESDAY, JULY 18, 2017/ASADHA 27, 1939
िवत्त म(cid:7074)ं ालय
(राजस्व िवभाग)
अिधसूचना
नई िदल् ली, 18 जुलाई, 2017
सं. 3/2017- (cid:7079)ितकर उपकर (दर)
सा.का.िन. 892(अ).—माल और सेवा कर (राज्य(cid:7298) को (cid:7079)ितपूितर्) अिधिनयम, 2017 (2017 का 15) की धारा 8 की
उपधारा (2), के (cid:7367)ारा (cid:7079)दत शिक् तय(cid:7298) का (cid:7079)योग करते हुए, क(cid:7286)(cid:7076)ीय सरकार, पिरषद की अनुशंसा(cid:7312) पर, एतद(cid:7367)ारा, सा.का.िन.
संख् या 720 (अ), िदनांक 28 जून, 2017 के तहत भारत के राजप(cid:7074), असाधारण, भाग II, खण् ड 3, उप-खण् ड (i) म(cid:7286) (cid:7079)कािशत,
भारत सरकार, िवत् त मं(cid:7074)ालय की (राजस् व िवभाग) की अिधसूचना सं. 1/2017-(cid:7079)ितकर उपकर (दर), िदनांक 28 जून, 2017
म(cid:7286) िनम् निलिखत संशोधन करती ह,ै अथार्त्
उक् त अिधसूचना म(cid:7286), अनुसूची म,(cid:7286)—
(i) (cid:7059). सं. 10 के समक्ष, कॉलम (4) म(cid:7286) (cid:7079)िवि(cid:7397) हते ु, "5% + 2076 रु. (cid:7079)ित हजार" (cid:7079)िवि(cid:7397) को (cid:7079)ित स् थािपत िकया जाएगा;
(ii) (cid:7059). सं. 11 के समक्ष, कॉलम (4) म(cid:7286) (cid:7079)िवि(cid:7397) हते ु, "5% + 3668 रु. (cid:7079)ित हजार" (cid:7079)िवि(cid:7397) को (cid:7079)ित स् थािपत िकया जाएगा;
(iii) (cid:7059). सं. 12 के समक्ष, कॉलम (4) म(cid:7286) (cid:7079)िवि(cid:7397) हते ु, "5% + 2076 रु. (cid:7079)ित हजार" (cid:7079)िवि(cid:7397) को (cid:7079)ित स् थािपत िकया जाएगा;
(iv) (cid:7059). सं. 13 के समक्ष, कॉलम (4) म(cid:7286) (cid:7079)िवि(cid:7397) हते ु, "5% + 2747 रु. (cid:7079)ित हजार" (cid:7079)िवि(cid:7397) को (cid:7079)ित स् थािपत िकया जाएगा;
(v) (cid:7059). सं. 14 के समक्ष, कॉलम (4) म(cid:7286) (cid:7079)िवि(cid:7397) हते ु, "5% + 3668 रु. (cid:7079)ित हजार" (cid:7079)िवि(cid:7397) को (cid:7079)ित स् थािपत िकया जाएगा;
(vi) (cid:7059). सं. 15 के समक्ष, कॉलम (4) म(cid:7286) (cid:7079)िवि(cid:7397) हते ु, "36% + 4170 रु. (cid:7079)ित हजार" (cid:7079)िवि(cid:7397) को (cid:7079)ित स् थािपत िकया जाएगा ।
2. यह अिधसूचना 18 जुलाई, 2017 से (cid:7079)वृ(cid:7275) होगी ।
[फा. सं. 354/221/2016-टीआरयू (पाटर्)]
मोिहत ितवारी, अवर सिचव
िटप्प णी : (cid:7079)धान अिधसूचना सं. 1/2017-(cid:7079)ितकर उपकर (दर), िदनांक 28 जून, 2017 को सा.का.िन. संख् या 720(अ) के
तहत, भारत के राजप(cid:7074), असाधारण, भाग II, खण्ड -3, उप-खण् ड (i) म(cid:7286) (cid:7079)कािशत िकया गया था ।
4385 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 18th July, 2017
No. 3/2017-Compensation Cess (Rate)
G.S.R. 892(E).—In exercise of the powers conferred by 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. 1/2017-Compensation Cess
(Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 720 (E), dated the 28th June, 2017, namely:—
In the said notification, in the Schedule,—
(i) against S. No. 10, for the entry in column (4), the entry “5% + Rs. 2076 per thousand” shall be
substituted;
(ii) against S. No. 11, for the entry in column (4), the entry “5%+ Rs. 3668 per thousand ” shall be
substituted;
(iii) against S. No. 12, for the entry in column (4), the entry “5% + Rs. 2076 per thousand” shall be
substituted.
(iv) against S. No. 13, for the entry in column (4), the entry “5% + Rs. 2747 per thousand” shall be
substituted;
(v) against S. No. 14, for the entry in column (4), the entry “5% + Rs. 3668 per thousand” shall be
substituted;
(vi) against S. No. 15, for the entry in column (4), the entry “36% + Rs. 4170 per thousand” shall be
substituted.
2. This notification shall come into force with effect from the 18th day of July, 2017.
[F. No. 354/221/2016-TRU (Pt.)]
MOHIT TEWARI, Under Secy.
Note : The principal notification No. 1/2017-Compensation Cess (Rate), dated the 28th June, 2017 was
published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number
G.S.R. 720(E).
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.