TaxTMI 
TaxTMI 
FAQ ON KERALA FLOOD CESS (Dated 29/07/2019)
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....9/2019 published as G.O.(P) No.80/2019/TD dated 25-05-2019. 4. Whether levy of Kerala Flood Cess is approved by GST Council? Ans. Yes. 32nd meeting of the GST council has accorded sanction to levy of Kerala Flood Cess. 5. How long the Kerala Flood cess will be collected and at what rate? Ans. Kerala Flood Cess will be in force for a period of two years from the date of commencement. Kerala Flood Cess is imposed @ 1% on the value of supply of goods or services or both coming under Schedule II, III & IV of SRO.No.360/2017 Dt. 30.06.2017. But in the case of goods coming under Fifth Schedule of SRO.No.360/2017 (gold, diamond etc.), the Kerala Flood Cess is applicable at the rate of 0.25%. 6. Is any s....
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....ollection shall not be included in the value of supply. Eg:- If the value of supply is ₹ 100/- and tax rate of the commodity is 12% GST, the invoice to be raised as shown below: Value of supply - ₹ 100/- CGST - ₹ 6/- SGST &nb....
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....ices? Ans. No. 14. Whether tax payers opting composition scheme is liable to pay Kerala Flood Cess? Ans. Composition tax payers are exempted from the levy of Kerala Flood Cess as per Section 14(1)(i) of Finance Act,2019. 15. What are the items exempted from the levy of Kerala Flood Cess? Ans. The goods or services or both leviable to Kerala Flood Cess are described in Sec.14(2) of Kerala Finance Act, 2019. All goods or services or both not covered in the above Section shall be exempted from levy of Kerala Flood Cess. 16. Whether Kerala Flood Cess is collectable from customers? Ans. Yes. It can be collected from customers by showing separately in the invoices. 17. Whether the Kerala Flood Cess is to be separately ....