To notify the rates of compensation cess on supply of specified services - 02/2017 - Compensation CESS Rate

Government of India Ministry of Finance (Department of Revenue) Notification No. 2/2017- Compensation Cess (Rate) New Delhi, the 28th June, 2017 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. Table Sl. No. Description of Services Chapter, Section, Heading or Group Rate (in per-cent.) (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 2 [2A Leasing of motor vehicles purchased and leased prior to 1st July 2017 Chapter 99 65 percent.of the rate of cess as applicable on supply of similar goods involving transfer of title in goods. Note:- Nothing contained in this entry shall apply on or after 1stday of July, 2020] 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. [F.No. 334/1/2017-TRU] (Ruchi Bisht) Under Secretary to the Government of India ****************** Notes:- 1. As corrected vide corrigendum notification dated 1.7.2017 , before it was read as, scheme of classification of services 2. Inserted vide Notification No. 6/2017- (C. C.) (Rate) - Dated 13-10-2017