GST Notification no. 4/2017 – Compensation Cess (Rate) dated 20.07.2017


GST Notification no. 4/2017 – Compensation Cess (Rate) dated 20.07.2017

Seeks to exempt intra-State supplies of second hand goods received by a registered person, dealing in buying and selling of second hand goods and who pays the goods and services tax compensation cess on the value of outward supply of such second hand goods, as determined under sub-rule (5) of rule 32 of the Central Goods and Services Tax Rules, 2017, from any supplier, who is not registered, from the whole of the goods and services tax compensation cess leviable thereon under section 8 of the Goods and Services Tax (Compensation to States) Act, read with sub-section (4) of Section 9 of the Central Goods and Services Tax Act


[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE?OF INDIA, EXTRAORDINARY]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 04/2017- Compensation Cess (Rate)

New Delhi, the 20th July, 2017

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of?the Goods and Services Tax (Compensation to States) Act, 2017 ( 15 of 2017), read with subsection?(1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the?Central Government, on being satisfied that it is necessary in the public interest so to do, on?the recommendations of the Council, hereby exempts intra-State supplies of second hand?goods received by a registered person, dealing in buying and selling of second hand goods?and who pays the goods and services tax compensation cess on the value of outward supply?of such second hand goods as determined under sub-rule (5) of rule 32 of the Central Goods
and Services Tax Rules, 2017, from any supplier, who is not registered, from the whole of the?goods and services tax compensation cess leviable thereon under section 8 of the Goods and?Services Tax (Compensation to States) Act, read with sub-section (4) of Section 9 of the?Central Goods and Services Tax Act.

[F.No.354/136/2017-TRU]

(Ruchi Bisht)
Under Secretary to the Government of India


 


Ankita Khetan

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