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Hike GST rate by 1-2%, don't levy cess: Assocham

Hike GST rate by 1-2%, don t levy cess: Assocham - Goods and Services Tax - GST - Dated:- 2-11-2016 - Industry chamber Assocham has made a pitch to Finance Minister Arun Jaitley not to levy cess, but hike GST rate by 1-2 per cent to garner additional .....

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ate of 26 per cent, which will mostly apply to FMCG and consumer durables. Besides, a cess is also likely to be levied on demerit or sin goods and polluting items. In a letter to Jaitley, Assocham Secretary General D S Rawat said that even if multipl .....

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. The additional revenue required for such compensation can be collected by increasing the tax rates (by 1-2 per cent) instead of levying a cess, he said. The suggestion, however, is at variance with Jaitley's contention, who had favoured levy of .....

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