The Central Board of Indirect Taxes and Customs (CBIC) on July 26, 2023, issued a notification regarding the amendment to Notification No. 1/2017-Compensation Cess (Rate), dated June 28, 2017, related to the Rate of goods and services tax compensation cess levied on the intra-State supplies or inter-State supplies of such goods
This shall come into force on July 27, 2023.
The following has been amended namely: -
• In the Schedule,
(i) Against S. No. 1, for the entry in column (3), the entry “Pan Masala with declared retail sale price” shall be substituted.
(ii) after S. No. 1 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: “1A”, “2106 90 20”, “Pan Masala, other than goods covered under S. No. 1 above”, “60”.
(iii) against S. No. 5, for the entry in column (3), after the words “brand name”, the words “with declared retail sale price” shall be inserted;
(iv) After S. No. 5 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: “5A”, “2401”, “Unmanufactured tobacco (without lime tube)–bearing a brand name, other than goods covered underS.No.5 above”, “71”
(v) against S. No. 6, for the entry in column (3), after the words “brand name”, the words “with declared retail sale price” shall be inserted;
(vi) after S. No. 6 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: - “6A”, “2401”, “Unmanufactured tobacco (with lime tube)–bearing a brand name, other than goods covered under S. No.6 above”, “65%”
[Notification No. 3/2023-Compensation Cess (Rate)]
