Category: compensation cess

THE SCHEDULE [See section 8 (2)] In this Schedule, reference to a “tariff item”, “heading”, “sub-heading” and “Chapter”, wherever they occur, shall mean respectively a tariff item, heading, sub-heading and...

Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, on the recommendations of the Council, by order...

Laying of rules before Parliament Every rule made under this Act by the Central Government shall be laid, as soon as may be after it is made, before each House...

Power to make rules (1) The Central Government shall, on the recommendations of the Council, by notification in the Official Gazette, make rules for carrying out the provisions of this...

Other provisions relating to cess (1) The provisions of the Central Goods and Services Tax Act, and the rules made thereunder, including those relating to assessment, input tax credit, non-levy,...

Crediting proceeds of cess to Fund (1) The proceeds of the cess leviable under section 8 and such other amounts as may be recommended by the Council, shall be credited...

Returns, payments and refunds (1) Every taxable person, making a taxable supply of goods or services or both, shall- (a) pay the amount of cess as payable under this Act...

Levy and collection of cess (1) There shall be levied a cess on such intra-State supplies of goods or services or both, as provided for in section 9 of the...

Calculation and release of compensation (1) The compensation under this Act shall be payable to any State during the transition period. (2) The compensation payable to a State shall be...

Projected revenue for any year The projected revenue for any year in a State shall be calculated by applying the projected growth rate over the base year revenue of that...