Circular 1/1/2017 - Compensation Cess
Date: July 26, 2017
File No: F.No.354/136/2017-TRU
Subject
Seeks to provide clarification regarding applicability of section 16 of the IGST Act, 2017, relating to zero rated supply for the purpose of Compensation Cess on exports.
Content
The issue of zero rating of exports with reference to Compensation Cess has been examined. 2. In this regard section 8 of the Goods and Services tax (Compensation to States) Act, 2017 hereinafter referred to as [GSTC Act, 2017] provides for levy and collection of Compensation Cess and reads as under: “8. (1) There shall be levied a cess on such intra-State supplies of goods or services or both, as…