applicability of gst cess?
Ankush Kumar (233 Points)
26 July 2017
How and when gst cess is applicable, at what rate and on what type of goods and services?
1 Replies
upasana gupta
(Finance Professional)
(3931 Points)
Replied 26 July 2017
GST cess is a compensation cess levied under section 8 of The Goods and Services Tax (Compensation to State) Act, 2017. GST cess is levied on intra-state supply of goods or services and inter-state supply of goods or services to provide compensation to the States for loss of revenue due to implementation of GST in India. In this article, we look at the applicability of GST Cess, rate of GST cess and methodology for calculation.
You can have have more deatil from the following link of CBEC:
https://www.cbec.gov.in/htdocs-cbec/gst/compensation-cess-rate-2017
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