Cess on specified supplies secures compensation to states for GST revenue loss, with prescribed bases and exclusions.

Cess is levied to compensate States for GST revenue loss on Schedule specified intra State and inter State supplies, at rates and on bases prescribed by the Central Government on Council recommendation; composition scheme taxpayers are excluded; value based cess follows GST valuation rules; cess on imports is collected at customs under the Customs Tariff framework.

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