FAQ ON KERALA FLOOD CESS
GST
Dated:- 1-8-2019
1. Why Kerala Flood Cess is imposed?
Ans. Kerala Flood Cess is levied to raise the fund required for re-construction of State after the devastating flood occurred in the State during August 2018.
2. Which is the date of commencement of Kerala Flood Cess?
Ans. Kerala Flood Cess is applicable from the 1st August, 2019 onwards as per notification No. S.R.O. 436/2019 dated 29/06/2019 for a period of two years.
3. Kerala Flood Cess levied under which Law?
Ans. Kerala Flood Cess is levied under Section 14 of Kerala Finance Act, 2019. The Kerala Flood Cess Rules published vide Notification SRO. No.359/2019 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 fo
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.
7. When Kerala Flood Cess is to be remitted to Government?
Ans. As per GST Law, the tax due for a month has to be remitted on or before 20th of the succeeding month in GSTR 3B return. Due date for filing GSTR 3B shall be applicable for the Kerala Flood Cess return.
8. What are the details to be furnished in the return?
Ans. After login to the system, select the return period and enter the details of turnover of outward supply leviable under Kerala Flood Cess based on GST tax rates.
9. Whether Kerala Flood Cess is applicable to goods and services?
Ans. Yes. Kerala Flood Cess is applicable to goods and services or both as per Section 14 (2) of Kerala Finance Act, 2019.
10. Kerala Flood Cess is to be calculated on which value?
Ans. Kerala Flood Cess is to be calculated on the value of supply. The CGST and SGST collection 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
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le to Cess, if the supply is made not in furtherance of business.
13. Whether Kerala Flood Cess is applicable for supply of exempted goods or services?
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 disclosed in the bill / invoice or a it can be borne and paid by the tax payer from their margin?
Ans. SGST Rule 46 (l) &
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