Back
Home » Business
  •  
    Filmi Bollywood
    • Kim Sharma & Harshvardhan Rane To The The Knot Soon? The Couple Are Madly In Love With Each Other
    • Neil Nitin Mukesh & His Wife Rukmini Name Their Baby Girl 'Nurvi'!
    • Abhishek Bachchan Doesn’t Want To Make Aaradhya Feel Awkward; Will Avoid Doing This!
    • Flashback! When Sajid Khan & Ashutosh Gowariker Had An Ugly Fight In Public At A Famous Awards Show
    • Arbaaz Khan & His Alleged Girlfriend Giorgia Andriani Enjoy A Lunch Date In Bandra!
    • Batti Gul Meter Chalu Director Shree Narayan Singh: I Connect With Real Issues That Plague India
    • Malaika Arora On Life After Divorce With Arbaaz Khan: 'I Feel Much More Calm'!
    • Batti Gul Meter Chalu First Day Collection: This Shahid Kapoor Film Opens On A Low Note!
    • Oscars 2019: Assamese Film Village Rockstars Beat Raazi, Padmaavat To Become India's Official Entry
    • Kareena Kapoor Gives Major Hints To Ranbir Kapoor, Wants To Work With Him In A Movie!
    • Loveyatri Row: FIR Filed Against Salman Khan & Others In Bihar Court For Hurting Hindu Sentiments!
    • Ranveer Singh's Simmba Will Not Clash With SRK's Zero; Rohit Shetty Reveals The Reason!
    • Batla House: John Abraham As India's Most Controversial Cop, First Look Poster Looks Promising!
    • Bhaiaji Superhit Teaser: Sunny Deol Is Back In Action, Preity Zinta Reveals Her Funny Side!
    • Morning Shows Of Manto Get Cancelled In Several Cities, Nandita Das Says She Is Shocked!
    • This BTS Video Of Namaste England Gives A Glimpse Of All The Zest That Happened On Set
    • The Stree Effect! Shraddha Kapoor Races Ahead Of Alia Bhatt; Find Out Details!
    • Virat Kohli To Debut In A Movie & Will Clash With Anushka Sharma's Sui Dhaaga?
    • Fear Of Not Getting Work! Neha Dhupia Reveals Why She Hid Her Pregnancy For So Long
    • A Furious Salman Khan Kicks Remo D'Souza Out Of Race 4 After His Denigrate Comments On Race 3?
Centre to Levy 1% Agri Cess On Luxury Items To Fund Agriculture Subsidy
Good Returns | 12th Jul, 2018 11:42 AM

In order to fund the subsidy to the farm sector, the GST Council is mulling over the proposal to implement and levy 1% agriculture cess on luxury items. The sugar industry is to meet huge amount it ows to the sugarcane farmers and the amount has spiked to unsustainable levels.

As per sources, Assam finance minister with the GoM will consider whether or not a separate agriculture cess can be levied under the new GST regime which has further subsumed all cesses, surcharges, taxes and other levies.

The earlier proposal to implement sugar cess has been done away with and the new proposal will be put before the GST Council in its next meet scheduled for July 21.

Earlier the GoM was formed to consider the levy of cess of Rs. 3 per kg of sugar over and above 5% GST. Also, it has been notified that after the minimum support price for sugar has been revised higher to Rs. 29 per kg, the arrears which were due to cane farmers have come down heavily by Rs. 5000 crore to just Rs. 18000 crore.

In the next GST Council meet, the Centre will consider rate cut on items with low revenue impact such as sanitary napkins, handicrafts and handloom goods, besides certain services as per the agencies' report.

Goodreturns.in

   
 
Health and Life
  • What Causes Viking Disease And How Does It Develop?
  • What Happens To Your Body When A Plane Loses Cabin Pressure?
  • 10 Surprising Causes For Constipation You Must Know
    • Best And Worst Salad Toppings For Weight Loss
    • Happy Birthday Kareena Kapoor! What You Should Know About Her Favourite Superfood - Ghee
    • What You Should Know About Opioid Epidemic?
      • World Alzheimer's Day 2018: How To Improve Your Cognitive Health?
      • What Is Popcorn Lung And What Are Its Symptoms?
      • How Is Delirium Different From Dementia?
        • 8 Reasons Why Almond Flour Is Better Than Other Flours
        • 5 Simple Tips To Wake Up Early In The Morning
        • Is Alzheimer's Disease The Only Cause Of Memory Loss?
          • Alzheimer's Day 2018: Symptoms Of The Disease & Tips To Delay It
          • Why Is Rasgulla Good For Health?
          • Migraine Attack: The Four Phases & Their Symptoms
            • The Abs Diet: 9 Guidelines For Men & Women
            • 5 Amazing Health Benefits Of Brazil Nuts
            • All You Need To Know About Inflammatory Bowel Disease
              • 7 Incredible Health Benefits Of Parmesan Cheese
              • What Is Legionnaires’ Disease And How Do You Get It?
              • 6 Simple Yet Effective Tips To Control Your Hunger