The State government has issued orders for introducing flood cess from June 1.
A Goods and Services Tax Department release said here on Monday that the GST Council had permitted the government to levy 1% cess on goods and services within the State to mobilise resources for rebuilding the State. The cess has not been imposed on goods and services that figure in the tax slabs below 5%. Traders who have opted for composition tax also have been excluded from the cess.
Goods, including gold, silver, and platinum ornaments, that figure in the fifth schedule of GST will have a cess of 0.25% and those in the 12,18, and 28% tax slabs will have 5%, and those above these slabs 1%. Details of the cess collected every month should be submitted on keralataxes.gov.in, the release said.
Source: Read Full Article