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No compensation cess under reverse charge on intra-State supplies of second hand goods

July 24, 2017

SECTION 11 OF THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) ACT, 2017, READ WITH SECTION 11 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 - OTHER PROVISIONS - EXEMPTION FROM REVERSE CHARGE TO PURCHASER OF SECOND HAND GOODS

NOTIFICATION NO.4/2017-COMPENSATION CESS (RATE), DATED 20-7-2017

In exercise of the powers conferred by sub-section (1) of section 11 of the Goods and Services Tax (Compensation to States) Act, 2017 ( 15 of 2017), read with sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts intra-State supplies of second hand goods received by a registered person, dealing in buying and selling of second hand goods and who pays the goods and services tax compensation cess on the value of outward supply of such second hand goods as determined under sub-rule (5) of rule 32 of the Central Goods and Services Tax Rules, 2017, from any supplier, who is not registered, from the whole of the goods and services tax compensation cess leviable thereon under section 8 of the Goods and Services Tax (Compensation to States) Act, read with sub-section (4) of Section 9 of the Central Goods and Services Tax Act.

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