Whether Cess is Applicable on GST?
Amrit Singh (Killer Stud[ent]) (751 Points)
26 May 2017Whether Cess is Applicable on GST?
CA PRATIK DHRUVE
(CHARTERED ACCOUNTANT)
(634 Points)
Replied 26 May 2017
No. Cess is applicable only on few demerit or luxury goods like cigarrete, tobacco, motor vehicles, aircrafts, etc...
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 26 May 2017
Cess shall be applicable only on demerit item i.e. items falling in the tax slab of 28%.
Cess shall be such levied that the maximum tax rate shall not exceed 40%
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