Notification No. 2/2017-Compensation Cess (Rate) [N10-1D5]

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 Chapter, Sl. Section, Rate Description of Services No. Heading (in per-cent.) or Group

(1) (2) (3) (4) Transfer of the right to use any goods for Same rate of cess as any purpose (whether or not for a applicable on supply of 1 Chapter 99 specified period) for cash, deferred similar goods involving payment or other valuable consideration transfer of title in goods Same rate of cess as Transfer of right in goods or of undivided applicable on supply of 2 share in goods without the transfer of title Chapter 99 similar goods involving thereof 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.

3. This notification shall come into force with effect from 1st day of July, 2017.