GST Cess and Its Function
GST Cess (https://www.registerkaro.in/po....st/gst-cess-and-its- is an additional tax levied under the Goods and Services Tax (GST) regime in India to compensate states for revenue losses due to the implementation of GST. It is imposed on specific luxury and sin goods, such as tobacco, aerated drinks, and high-end cars, in addition to the applicable GST rates. The collected cess goes into a separate Compensation Fund, which is then distributed to states to ensure they receive a guaranteed revenue growth of 14% annually, as promised under the GST Compensation Act. This cess is temporary and will be discontinued once the compensation period ends.
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