Saturday, June 25, 2022

GST compensation cess on luxury items extended

The cess is due to end on June 30 as part of the five-year formula devised by the Centre and the states to ensure that the latter's revenue grew 14% annually. But due to the pandemic, the burden has now been passed on to consumers up to March 2026.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/B6uGO4v

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