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23, Dec 2024
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GST panel approves ‘calamity cess’ by Kerala

January 8 , 2019 2176 days 849 0
  • The Group of States’ Finance Ministers (GoFM) led by the Deputy Chief Minister of Bihar, Sushil Kumar Modi approved levy of 1% ‘calamity cess’ by Kerala.
  • The calamity cess will be for a period of 2 years to fund rehabilitation work in the state of Kerala.
  • The GST law provides for levy of special taxes for a specified period to raise additional resources during any natural calamity or disaster.

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