Reduced rate of compensation cess on the leasing of motor vehicles - where purchased and supplied on lease before 1.7.2017

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..... of the powers conferred by 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 the rate of cess as specified in column 4 of the Table below, falling under the tariff item, sub-heading, heading or Chapter as specified in the First Schedule to the Customs Tariff Act .....

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..... e otherwise on such goods under Notification No. 1/2017- Compensation Cess (Rate) dated, 28th June, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub Section (i), vide G.S.R. 720 (E) dated the 28th June, 2017. 2 2. Provided that nothing contained in this notification shall apply on or after1st July, 2020. Explanation -For the purposes of this notification, - (i) " .....

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