https://www.taxtmi.com/news?id=16736 The proposed imposition of a cess on ultra luxury and demerit goods departs from the original GST concept by creating an additional, potentially non creditable levy above the highest GST rate, enabling the Centre to vary the cess to build a compensation pool for states while affecting incidence, administration, and predictability of taxation on those goods. en-us Wed, 19 Oct 2016 17:17:58 +0530 Wed, 19 Oct 2016 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16736 The proposed imposition of a cess on ultra luxury and demerit goods departs from the original GST concept by creating an additional, potentially non creditable levy above the highest GST rate, enabling the Centre to vary the cess to build a compensation pool for states while affecting incidence, administration, and predictability of taxation on those goods. News - Wed, 19 Oct 2016 17:17:58 +0530 https://www.taxtmi.com/news?id=16736