Goods and Services Tax – Started By: – joseph david – Dated:- 7-9-2016 Last Replied Date:- 12-9-2016 – What Will be the fate of cess levied by state government's agricultural market committee on cotton,cotton waste, after the commencement of GST ActJoseph David – Reply By KASTURI SETHI – The Reply = Cesses will also be subsumed into GST. – Reply By YAGAY AND SUN – The Reply = Cesses of any kind including Surcharge on State VAT shall be subsumed in GST for the purpose of removing the cascading effect i.e. Tax on Tax and for ease of doing business. – Reply By Ganeshan Kalyani – The Reply = Sir, all State taxes shall subsumed into SGST. Thanks. – Reply By CS SANJAY MALHOTRA – The Reply = Dear Friends,Not decided as such and the same to be
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hike in threshold exemption limit to ₹ 25 lakhs. I mean to say so many issues are being reconsidered. – Reply By MARIAPPAN GOVINDARAJAN – The Reply = The finalized Act in GST will decide the fate. – Reply By YAGAY AND SUN – The Reply = In our view, it would be better if representation regarding CESS is made to the Government of India to raise these concerns as again leving/imposing CESS in GST Regime would bring the change in VAT/CST/Excise era. – Reply By Ganeshan Kalyani – The Reply = Sir, yes no other indirect tax should be charged other than GST. It would have been an ideal tax mechanism. But it is not going to be so. The discussions was going on the meeting in respect of GST saying that exemptions if continued in GST then the ra
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