• twitter-icon
Unlimited Tax Return Filing


All Cesses Except Petroleum Will Subsumed in GST: Hasmukh Adhia

All Cesses Except Petroleum

Yesterday, Revenue Secretary Hasmukh Adhia suggested the proposed Goods and Services Tax (GST) as a merger to subsume all cesses except those on petroleum.

An earlier decision of the Council has put this proposal under consideration. Altogether, it had also proposed the collection of additional cess for luxury and sin goods owing to restitute states for five years duration after GST introduction.

Read Also: GST Impact on Petroleum Products

According to a decision made on merging all cesses excluding petroleum one into the GST, the Centre had proposed countable cesses which would continue to be collected separately. As, a clean environment cess on coal, peat, and lignite, and the National Calamity Contingency Duty that nowadays is being levied in the form of the National Disaster Relief Fund.

Mr. Hasmukh Adhia, Revenue Secretary, India said, “After advent of GST, all cesses, other than on petroleum, will merge in GST,” on its Twitter handle on Wednesday.

Source: http://indianexpress.com/article/business/budget/all-cesses-barring-petroleum-to-be-merged-in-gst-hasmukh-adhia-4503361/

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Mayank Sharma (Ex-employee)
Hello, i describe myself as a software engineer, done my engineering in Information Technology stream from JNIT, Jaipur. Always passionate to know about the evolving technological world and also want to share the same with the others in my own way of expressing. So i chose content writing as a full time profession and currently working with SAGInfotech PVT. Ltd, Jaipur. I am polite, tolerant and introvert by nature and always supports non violence. View more posts
SAGINFOTECH PRODUCTS

Leave a comment

Your email address will not be published. Required fields are marked *

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Super Tax Offer

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Big Offer for Tax Experts

Upto 20% Discount on Tax Software

    Select Product*

    Current GST Due Dates