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Need clarification on cess

Vageesh Tavarad (Accountant) (140 Points)

13 July 2017

for 28% Category soft drinks we need to charge cess. Please clarify this Cess Amount is Calculated on Basic Selling Price of a Item or the Tax amount of that item?

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2 Replies

Karan Batra (Creator: TheProTalks) (2325 Points)
Replied 14 July 2017

In case the goods or service attracts GST cess, cess must be calculated on the basis of the taxable value of the supply and as provided in the GST cess rate schedule. In case GST cess is applicable on goods imported into India, then cess must be levied and collected along with the IGST and customs duty.