Reduced rate of compensation cess on the leasing of motor vehicles - where purchased and supplied on lease before 1.7.2017

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..... G.S.R. 1297(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 notifies the rate of cess as specified in column 4 of the Table below, falling under the tariff item, sub-heading, heading or Chapter as specified in the F .....

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..... ds under Notification No. 1/2017- Compensation Cess (Rate) dated, 28th June, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub Section (i), vide G.S.R. 720 (E) dated the 28th June, 2017 . 1 2. 8702, 8703 Motor Vehicles 65% of cess applicable otherwise on such goods under Notification N .....

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..... shall, so far as may be, apply to the interpretation of this notification. ANNEXURE Condition No. Condition 1 i. The Motor Vehicles was purchased by the lesser prior to 1st July, 2017 and supplied on lease before 1st July, 2017 2 i. The supplier of Motor Vehicle is a registered p .....

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