<h1>New Cess on Luxury and Sin Goods: Centre May Alter Rates, Aiming for Rs. 50,000 Crore State Compensation Pool.</h1> The proposed cess on ultra-luxury and sin goods marks a departure from the original GST concept, granting the Centre the power to alter the cess rate, potentially up to 2%. The GST Council suggested a four-slab tax structure, with an additional cess on luxury goods. Experts express concerns about compliance complications due to multiple slabs. The Centre aims to create a Rs. 50,000 crore pool to compensate states for GST-related revenue loss, funded by the cess on luxury and demerit goods. The GST rollout is planned for April 1, 2017, subsuming existing taxes like excise and service tax.