Business Standard

Sunday, December 22, 2024 | 09:32 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

GST Council yet to receive formal cess proposal from flood-hit Kerala

Thomas Isaac, the state's finance minister, had said he would be doing so, with a request for permission to levy one on the State GST

Kerala, Kerala monsoon, Kerala rain,Kerala floods
Premium

A view of the flood-hit areas following heavy monsoon rainfall, at Walbari in Coimbatore on Sunday, Aug 19, 2018.

Dilasha Seth Indivjal Dhasmana New Delhi
The Goods and Services Tax (GST) Council is yet to get a formal proposal from the government of Kerala for a cess to fund post-flood rehabilitation. 

Thomas Isaac, the state’s finance minister, had said he would be doing so, with a request for permission to levy one on the State GST (SGST). The latter, he had argued, was purely an intra-state tax and so, “there is no logic in denying (such a request). We want to have a 10 per cent cess on SGST, which I think will get us some Rs 10 billion", he had said.

On how the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in