GST INDIA Biz — Amendment to Compensation Cess rates relating to old and used motor vehicles.

Notification No. 1/2018 rate

Date: February 25, 2018

Subject: Amendment to Compensation Cess rates relating to old and used motor vehicles.

Description:

This notification amends Notification No. 1/2017 by inserting Entry 42A providing NIL compensation cess on old and used motor vehicles, subject to non-availment of input tax credit. It also amends tariff classification for certain motor vehicles. The notification rationalises cess levy in the automobile sector.

Issued for earlier notification?
Yes — it amends Notification No. 1/2017–Compensation Cess (Rate).

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