The Union Cabinet approves promulgation of an Ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017

Goods and Services Tax – GST – Dated:- 31-8-2017 – The Schedule to the Goods and Service Tax (GST) (Compensation to States) Act 2017, specifies the maximum rate at which Goods and Service Tax Compensation Cess may be collected. In respect of motor vehicles, the maximum rate, at which Goods and Service Tax Compensation Cess may be collected, is 15%. Consequent to the GST Council s recommendation, the Cabinet in its meeting on 30th August, 2017 approved promulgation of an ordinance to suitably am

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