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of <h1>India Amends GST Compensation Cess: No Cess on Used Vehicles if Input Tax Credit Availed, Effective Jan 25, 2018.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 1/2018 to amend Notification No. 1/2017 related to the Compensation Cess Rate under the Goods and Services Tax (GST). The amendment introduces a new entry for all old and used motor vehicles, specifying that no compensation cess will apply if the supplier has availed input tax credit or CENVAT credit. Additionally, changes are made to serial number 43, substituting the entry with '8702 or 8703.' This amendment is based on the recommendations of the GST Council and is effective from January 25, 2018.
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