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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.
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