Sec 2(22) – Cess

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Sec 2(22) – Cess 2017-04-14T02:30:02+00:00
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    #1079 |

    “cess” shall have the same meaning as assigned to it in the Goods and Services Tax (Compensation to States) Act;

    Priya MadrechaPriya Madrecha
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    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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