ADVERTISEMENT
Prepare For A Double Whammy On GST Compensation Cess
A shortfall in GST revenue has left the centre with few options—ones the states are unlikely to accept easily.
14 Feb 2020, 12:57 PM IST
The extra tax Indian consumers pay when they buy a cola or an off-roader may increase, and continue for longer than anticipated.GST compensation cess, a central government tax on select ‘sin goods’, may see a rate increase and be levied for longer than the promised five years, BloombergQuint learnt from government officials in the know.The revenue collected from this cess—in FY19 it was Rs 95,081 crore—is paid by the centre to the st...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT