Notification No. 1/2017
Date: June 28, 2017
Subject: Appointment of the date for commencement of the Goods and Services Tax (Compensation to States) Act, 2017.
Description:
This notification appoints 1 July 2017 as the date on which all provisions of the GST (Compensation to States) Act, 2017 come into force. It operationalises the legal framework for levy and collection of compensation cess. The notification enables compensation to States for revenue loss arising from implementation of GST. It forms the statutory foundation of the GST compensation mechanism.
Issued for earlier notification?
No — this is the principal commencement notification.
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