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cess levied by State Government

joseph david

What Will be the fate of cess levied by state government's agricultural market committee on cotton,cotton waste, after the commencement of GST Act

Joseph David

Forum Debates Impact of GST on State Cesses; Calls for Transition to SGST and 18% Rate to Simplify Taxes A discussion on a forum addressed the impact of the Goods and Services Tax (GST) on state government cesses, particularly those levied by agricultural market committees on products like cotton. Contributors debated whether such cesses would be absorbed into GST, with some suggesting that all state taxes should transition into State GST (SGST) to prevent tax cascading and simplify business processes. Others highlighted that the final decision rests with the GST Council, considering the diverse cesses across states. There was also discussion about the appropriate GST rate, with opinions favoring an 18% rate to avoid economic strain. (AI Summary)
Goods and Services Tax - GST
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