Gst compensation cess

Indirect Taxation

Why is gst compensation cess is collected? And whose income it is state or central government?

vasabattula abhinav

CA Final

★ 85

29-Aug-21 16:54

595

Answers (1)

It is levied for any of the revenue deficit/loss that would come up in the manufacturing states. And it is collected by Central Govt.

Pundareekaksha Guptha P

CA Inter

★ 210

29-Aug-21 18:53