Cess under gst

CESS in Indirect Tax

01. No SBC and KKC in GST

CESS in Direct Tax

01. EC and HSEC - in income Tax

Thanks for the reply.

Under GST, I can see Compensation Cess on certain goods and services. Any idea on this? what is the latest position, is it applicable on all goods and services?

GST approved only four Rates 5%, 12%, 18% and 28%. The colection are shared by the State and Central Govt 50% and 50%

To avoid the short fall collection compensation cess is introduced in few products. They are Pan Masala, Tobacco, Coal, Aerated Water, Few vehicles

Thank you sir.

Hope, there will not be any addition to this list of few goods, at least this year.