Cess threshold limit

323 views
User Avatar

PROPRIETOR
25 Points Posted on 03 January 2024
what is the threshold limit for living cess in gst act
0 Reply Share Follow
On 03 January 2024 at 20:24 Report
Replies (3)
Quick Summary
The discussion clarifies that the GST Compensation Cess is levied on specific goods and services without any threshold limit. This means the cess applies from the first unit sold, unlike some other GST components that might have a minimum turnover requirement. The purpose of this cess is to compensate states for revenue losses due to the GST implementation.

User Avatar

Accountant
1227 Points Posted on 03 January 2024
What is living cess?
Reply
On 03 January 2024 at 22:32
User Avatar

PROPRIETOR
25 Points Posted on 04 January 2024
Levying cess on cool drinks like goli soda sugar added
Reply
On 04 January 2024 at 09:12
User Avatar

Account
408 Points Posted on 04 January 2024

The Compensation Cess is a Cess that will be collected on the supply of select goods and or services or both without any threshold limit. 

Reply
On 04 January 2024 at 16:22

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. PCIT-1 Thane Email address
  2. CA Fees deduction for non audit case allowed?
  3. 5th Letter PAN Mismatch with Surname issues still
  4. Criteria to hire an article
  5. Guidence requested for a Finance Professional with
  6. Expert Opinion Required – Form 140 Gross Amo
  7. WRONG TAX DEMAND - formal responses , rectificatio
  8. Foreign remittance
  9. Affordable Residential Flats in Gurgaon
  10. Manufacturing

More recent discussions | Post

Related Topics :

Loading