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“cess” shall have the same meaning as assigned to it in the Goods and Services Tax (Compensation to States) Act;
It refers to the ‘cess’ levied on certain supplies (inter-State or intra-State) as may be notified, for the purposes of providing compensation to the States for loss of revenue arising on account of implementation of GST, for a period of five years (or extended period, as may be prescribed).
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