Notification 2/2017 - Compensation Cess Rate
Date: June 28, 2017
Effective From: June 28, 2017
Subject
To notify the rates of compensation cess on supply of specified services
Content
G.S.R......(E).- In exercise of the powers conferred by sub-section (1) and 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, that the cess, on the supply of services of description specified in column (2) of the Table below and falling in Chapter, Section, Heading or Group specified in column (3) of the said Table, shall be levied at the rate specified in the corresponding entry in column (4) of the said Table.
| S.No | Description of Services | Chapter, Section, Heading or Group | Rate (in percent) |
| (1) | (2) | (3) | (4) |
| 1 | Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration | Chapter 99 | Same rate of cess as applicable on supply of similar goods involving transfer of title in goods |
| 2 | Transfer of right in goods or of undivided share in goods without the transfer of title thereof | Chapter 99 | Same rate of cess as applicable on supply of similar goods involving transfer of title in goods |
| 3 | Any other supply of services | Chapter 99 | Nil |
2. Explanation.- Reference to “Chapter”, “Section”, “Heading” or “Group”, wherever they occur, unless the context otherwise requires, shall mean respectively as “Chapter, “Section” and “Heading” in the scheme of classification of services annexed to notification No. 11/2017-Central Tax (Rate), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated 28th June, 2017, vide number G.S.R. 690(E), dated 28th June, 2017.”.
3. This notification shall come into force with effect from 1st day of July, 2017.