Seeks to provide exemption from Compensation Cess on supplies under heading 2202 by URCs to authorised customers
Exemption of GST Compensation Cess for Unit Run Canteens (Notification No. 01/2024)
The Ministry of Finance, Department of Revenue, issued Notification No. 01/2024 on July 12, 2024. This notification uses the authority granted by several sections of the Central Goods and Services Tax Act, 2017, the Goods and Services Tax (Compensation to States) Act, 2017, and the Integrated Goods and Services Tax Act, 2017. Based on recommendations from the GST Council and to serve the public interest, the Central Government has decided to exempt certain goods from the Goods and Services Tax Compensation Cess. Specifically, the supply of goods under heading 2202 by Unit Run Canteens (URCs) to authorized customers will be exempt from the cess imposed under section 8 of the Compensation to States Act, 2017.
The notification further clarifies that terms like "tariff item," "heading," "sub-heading," and "Chapter" are defined according to the Customs Tariff Act, 1975. The rules and notes for interpreting the Customs Tariff Act will also apply to this notification. The exemption becomes effective on July 15, 2024. This decision is documented under file number 190354/94/2024-TRU and was issued by Nitish Karnatak, Under Secretary.
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