TMI BlogRate of goods and services tax compensation cess - Rate of cess as specified that shall be levied on the intra-State supplies or inter-State supplies - Seeks to amend Notification No. 1/2017-Compensation Cess (Rate), dated the 28th June, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... ing further 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, I. in the Schedule, - (i) against S. No. 1, for the entry in column (4), the entry 0.32R per unit shall be substituted; (ii) against S. No. 5, for the entry in column (4), the entry 0.36R per unit shall be substituted; (iii) against S. No. 6, for the entry in column (4), the entry 0.36R per unit shall be substituted; (iv) against S. No. 7, for the entry in co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gainst S. No. 29, for the entry in column (4), the entry 0.36R per unit shall be substituted; (xvii) against S. No. 30, for the entry in column (4), the entry 0.56R per unit shall be substituted; (xviii) against S. No. 31, for the entry in column (4), the entry 0.36R per unit shall be substituted; (xix) against S. No. 32, for the entry in column (4), the entry 0.36R per unit shall be substituted; (xx) against S. No. 33, for the entry in column (4), the entry 0.36R per unit shall be substituted; (xxi) against S. No. 34, for the entry in column (4), the entry 0.36R per unit shall be substituted; (xxii) against S. No. 35, for the entry in column (4), the entry 0.14R per unit shall be substituted; (xxiii) agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ss = 0.32R per unit; If retail sale price of unit (pouch) of Pan Masala = Rs. 10; goods and services tax compensation cess leviable = 0.32R = 0.32*10 = Rs. 3.2 per unit (pouch) . 2. This notification shall come into force on the 1st day of April, 2023. [F. No. 190354/85/2021-TRU] VIKRAM VIJAY WANERE, Under Secy. Note : The principal notification No.1/2017-Compensation Cess (Rate), dated the 28th day of June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720(E), dated the 28th day of June, 2017 , and was last amended vide notification No. 1/2023-Compensation Cess (Rate), dated the 28th February, 2023, published in the Gazette of India, Extraordina ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
