TMI Blogcess levied by State GovernmentX X X X Extracts X X X X X X X X Extracts X X X X ..... What Will be the fate of cess levied by state government's agricultural market committee on cotton,cotton waste, after the commencement of GST Act Joseph David - Reply By KASTURI SETHI - The Reply = Cesses will also be subsumed into GST. - Reply By YAGAY AND SUN - The Reply = Cesses of any kind including Surcharge on State VAT shall be subsumed in GST for the purpose of removing the casca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ding effect i.e. Tax on Tax and for ease of doing business. - Reply By Ganeshan Kalyani - The Reply = Sir, all State taxes shall subsumed into SGST. Thanks. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Friends, Not decided as such and the same to be finalised by GST Council as different states have different cesses. Taxes levied by local bodies (Municipal Corporation etc...) may remain ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... out of GST as has been proposed so that state development activities should not be disturbed. Also needs to be seen whether Central Govt should agree to this as their compensation to states would become higher than. - Reply By KASTURI SETHI - The Reply = Sh.CS Sanjay Malhotra Ji, Yes, Sir. Changes are being proposed and will be finalised by GST Council. About one ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... year ago, cesses were proposed to be subsumed into GST. There are so many factors to be considered by the GST Council. Similarly, earlier threshold exemption limit was proposed to be Rs.ten lakhs per year under GST but now there is a proposal of hike in threshold exemption limit to ₹ 25 lakhs. I mean to say so many issues are being reconsidered. - Reply By MARIAPPAN GOVINDARAJAN - The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y = The finalized Act in GST will decide the fate. - Reply By YAGAY AND SUN - The Reply = In our view, it would be better if representation regarding CESS is made to the Government of India to raise these concerns as again leving/imposing CESS in GST Regime would bring the change in VAT/CST/Excise era. - Reply By Ganeshan Kalyani - The Reply = Sir, yes no other indirect tax should be charged ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other than GST. It would have been an ideal tax mechanism. But it is not going to be so. The discussions was going on the meeting in respect of GST saying that exemptions if continued in GST then the rate of GST has to be increased to compensate the revenue of the Govermmet. Likewise if Cess are to be subsumed in GST then the rate have to be increased more. Now the rate of 18% was proposed but t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he states are urging to keep the rate above 20%. Thanks. - Reply By YAGAY AND SUN - The Reply = Praying to God that Rate of GST should be 18%, It will hurt economy if it is fixed above 18%. - Reply By Ganeshan Kalyani - The Reply = Yes sir. The government should hope that if assessee base will increase the tax collection also will increase so it may be right to keep the rate as 18%. Let us wai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t. Thanks. - cess levied by State Government - Query Started By: - joseph david Dated:- 7-9-2016 Goods and Services Tax - GST - Got 10 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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