GST Council to take up 5% sugar cess to compensate cane farmers

Meanwhile, many states are opposed to the idea of a separate cess under the GST as it goes against the principle of the uniform indirect tax The GST Council will at its meeting on Friday consider a proposal to impose a sugar cess to compensate cane farmers. The proposal by the ministry of consumer affairs, food and public distribution for a 5 per cent sugar cess will be outside the purview of the compensation cess under the goods and services tax, and hence will need a separate law.“The sugar cess proposal will be taken up by the council. It will be a different cess from the compensation cess and will… Read More

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GST Council okays single return a month; differences emerge on sugar cess

Two groups of ministers (GoMs) will deliberate further on these matters and submit their reports in a fortnight The GST Council on Friday approved a simplified return filing framework that would require a taxpayer to file only one return every month against three at present. The Council has set a period of six months for the transition to take place. However, there was no consensus on the proposal to levy Rs 3-a-kg sugar cess, and on incentives to promote digitisation. The former evoked sharp protests from Kerala, West Bengal, and Andhra Pradesh in the three-hour meeting via video conferencing, chaired by Union Finance Minister Arun Jaitley. There was also no… Read More

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