What is GST Compensation Cess? Which all goods are covered under compensation cess?

Question

GST Compensation Cess is the cess collected on the supply of selected goods, services or both as mentioned in the GST Act 2017. The GST Compensation Cess will compensate the states for any revenue loss incurred on implementing Goods & Service Tax (GST) on July 1, 2017 for a period of 5 years or as the GST council recommends.

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accoxi 2 months 0 Answers 32 views 0

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