Notification No. 1/2022
Date: June 24, 2022
Subject: Notification of Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022.
Description:
This notification notifies rules prescribing the period for levy and collection of compensation cess up to 31 March 2026. It extends the cess collection period beyond the initial five years of GST implementation. The rules provide statutory backing for continued cess collection to meet compensation-related liabilities. It aligns cess levy with post-GST fiscal requirements.
Issued for earlier notification?
Yes — issued under sections 8 and 12 of the GST (Compensation to States) Act, 2017.