Schedule GST Compensation to States Act 2017

By | June 16, 2017
(Last Updated On: June 30, 2017)

Schedule GST Compensation to States Act 2017

[ Schedule of GST Compensation to States Act 2017 notified w.e.f 01.07.2017 vide Notification No. 1/2017 – Goods and Services Tax Compensation Dated 28th June, 2017 ]

[ Goods And Services Tax (Compensation To States) Act, 2017 . This Act has been assented by the President of India on 12-4-2017. This is an Act to provide for compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax in pursuance of the provisions of the Constitution (One Hundred and First Amendment) Act, 2016. ]

THE SCHEDULE

[See section 8(2)]

1.In this Schedule, reference to a “tariff item”, “heading”, “sub-heading” and “Chapter”, wherever they occur, shall mean respectively a tariff item, heading, sub-heading and Chapter in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).
2.The rules for the interpretation of the First Schedule to the Customs Tariff Act. 1975 (51 of 1975), the section and Chapter Notes and the General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of this Schedule.
S. No.Description of supply of goods or servicesTariff item, heading, sub-heading, Chapter, or supply of goods or services, as the case may beThe maximum rate at which goods and services tax compansation cess may be collected
(1)(2)(3)(4)
1.Pan Masala.21069020One hundred and thirty-five per cent ad valorem.
2.Tobacco and manufactured tobacco substitutes, including tobacco products.24Four thousand one hundred and seventy rupees per thousand sticks or two hundred and ninety per cent. ad valorem or a combination thereof, but not exceeding four thousand one hundred and seventy rupees per thousand sticks plus two hundred and ninety per cent. ad valorem.
3.Coal, briquettes, ovoids and similar solid fuels manufactured from coal, lignite, whether or not agglomerated, excluding jet, peat (including peat litter), whether or not agglomerated.2701, 2702 or 2703Four hundred rupees per tonne.
4.Aerated waters.2202 1010Fifteen per cent ad valorem.
5.Motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station wagons and racing cars.8703Fifteen per cent ad valorem.
6.Any other supplies.Fifteen percent ad valorem.

Read All Sections of Goods And Services Tax (Compensation To States) Act, 2017 .

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