CBIC extends levy of GST Compensation Cess upto 31/03/2026

CBIC has extended the validity period for levy and collection of the GST Compensation Cess from 30/06/2022 to 31/03/2026, vide Compensation Cess Notification 1/2022 on Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022.

CBIC GST Compensation Cess Notification 1/2022 dt. 24/06/2022: Levy of GST Compensation Cess extended from 30/06/2022 to 31/03/2026

CBIC extends levy of GST Compensation Cess upto 31/03/2026 Notification 1/2022

G.S.R. 468(E).- In exercise of the powers conferred by sub-section (2) of section 12 read with 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 rules, namely:-

1. Short title and commencement.-

(1) These rules may be called the Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022.

(2) They shall come into force with effect from 01/07/2022.

2. Period for levy and collection of Cess.-

The period for levy and collection of cess under sub-section (1) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 shall be upto 31/03/2026.

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