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"Cess on demerit good a departure from GST concept"

Cess on demerit good a departure from GST concept - Goods and Services Tax - GST - Dated:- 19-10-2016 - The proposed structure of levying cess on ultra-luxury and sin goods is a departure from the GST concept as envisaged initially and the Centre wou .....

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for luxury goods that will also be levied with an additional cess. Cesses are being subsumed under GST and hence the levy of a new cess was a complete surprise. Proposal to have 5 rate structure is not aligned to the concept of simplified tax regime. .....

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for bulk of goods and services while recommending 12 per cent for low rate goods and 40 per cent for demerit ones like luxury car, aerated beverages, pan masala and tobacco. For precious metal, it recommended a range of 2-6 per cent. Experts said tha .....

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n, the cess rate will likely come to between 1-2 per cent, Nangia & Co Director Rajat Mohan said. Deloitte Haskins & Sells LLP Senior Director (Indirect Tax) M S Mani said that as a concept cess does not go well with the original idea of Good .....

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