If IGST is 20%, cess 5%...then total GST on 100 rs underlying is 20+5 or 20+1?
Thanks,
Rohit
Cess is calculated on the tax amount. It is 20+1.
4 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 21 June 2017
Cess is applicable only on supply of selected products like pan masala, coal, aerated waters, motor cars etc. at the rates given in schedule of GST (Compensation to States) Act 2017 (attached).
Attached File : 9367 20170621151619 gst compensation to states act 2017.pdf downloaded: 231 times
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