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Sl No 41A & 42B inserted in Notification No. 1/2017 - Compensation Cess (Rate)

Amendment in Notification No. 1/2017 - Compensation Cess (Rate) dated 28th June, 2017 to give effect to the recommendations of the GST Council in it’s 28th meeting held on 21st July, 2018

Ministry of Finance (Department of Revenue), Notification No. 2/2018-Compensation Cess (Rate) dated the 26th July, 2018, reads as follows: 

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 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, in the Schedule, -

 (i) after S. No. 41 and the entries relating thereto, the following serial numbers and the entries shall be inserted, namely:-
Notification No. 1/2017-Compensation Cess (Rate) dated the 28th June 2017

 (ii) after S. No. 42 A and the entries relating thereto, the following serial numbers and the entries shall be inserted, namely:-
Notification No. 1/2017-Compensation Cess (Rate) dated the 28th June 2017

2. This notification shall come into force on the 27th July, 2018.

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