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/
