Notification No. 2/2018 rate
Date: July 26, 2018
Subject: Exemption of compensation cess on coal rejects and fuel cell motor vehicles.
Description:
This notification inserts new entries providing Nil compensation cess on coal rejects supplied by coal washeries, subject to non-availment of input tax credit. It also exempts fuel cell motor vehicles from compensation cess. The amendment supports clean energy and avoids cascading of tax.
Issued for earlier notification?
Yes — it amends Notification No. 1/2017–Compensation Cess (Rate).