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GST Compensation Cess

The Goods and Services Tax (GST) was introduced on 1 July 2017 and has replaced the old indirect taxation regime. One significant provision that was introduced through the GST Act was the Compensation Cess. This was mainly brought upon to compensate the States (that mostly carried out production of goods) for the loss of revenue … Read moreGST Compensation Cess

Summary of Notifications Under Cess and Cess Rate Till Date

NOTIFICATIONS UNDER COMPENSATION CESS TILL 31ST OCT 2017 S.No. Date Of Notification Effective Date Notification No. Subject Summary 1 28-Jun-17 1-Jul-17 1 Seeks to appoint the 1st day of July, 2017, as the date on which all the provisions of Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017) shall come into … Read moreSummary of Notifications Under Cess and Cess Rate Till Date