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of <h1>Section 8 GST Act: Cess Levied on Supplies to Compensate States for GST Revenue Loss, Excludes Composition Levy Opt-ins.</h1> Section 8 of the Goods and Services Tax (Compensation to States) Act, 2017, mandates the levy of a cess on intra-State and inter-State supplies of goods and services to compensate States for revenue losses due to GST implementation. This cess is collected as per the recommendations of the Council for five years or a prescribed period. The cess is not applicable to those opting for composition levy under the Central GST Act. The rate and basis of cess are specified by the Central Government, and for imported goods, it aligns with customs duties as per the Customs Tariff Act, 1975.
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