alexa
Indianmoney.com Missed Call Number
 
Home News GST Council caps cess on demerit goods at 15 %

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Savings Bank AccountClick Here
 
 
GST Council caps cess on demerit goods at 15 %

GST Council caps cess on demerit goods at 15 %

Thursday, March 16, 2017, 10:44 PM

A maximum of 15% cess on top of the peak GST rate of 28% will be levied on luxury goods and aerated drinks after the GST Council approved a cap on cess along with supporting legislations. The actual cess on demerit goods, which will help create a corpus for compensating states for any loss of revenue from GST implementation in the first five years.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!