President gives assent to
amendment to Goods & Services Tax (Compensation to States) Act, 2017; The
Goods and Services Tax (Compensation to States) Amendment Act, 2017 shall be
deemed to have come into force from September 2, 2017; Vide said amendment,
Compensation Cess on motor vehicles for transportation of 10 or more persons as
well as SUVs, mid-size, large and luxury cars has been hiked to 25% ad valorem
(from 15% ad valorem); Accordingly, repeals the Goods & Services Tax
(Compensation to States) Amendment Ordinance 2017
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