CBEC notifies Nil GST compensation cess rate on old and used motor vehicles

CBEC notifies Nil GST compensation cess rate on old and used motor vehicles vide Notification No. 1/2018-Compensation Cess (Rate) Dated; 25th January, 2018.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

Notification No. 1/2018-Compensation Cess (Rate)
New Delhi, the

G.S.R. 93(E).– In exercise of the powers conferred by 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 makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 1/2017-Compensation Cess (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720 (E), dated the 28th June, 2017, namely,-

In the said notification, in the Schedule, –

(i) after S. No. 42 and the entries relating thereto, the following serial numbers and the entries shall be inserted (ii) in S. No. 43, for the entry in column (2), the entry “8702 or 8703”, shall be substituted;