Abolished several cesses in 3 years for smooth rollout of GST: Govt

The cesses have been abolished in stages so that it is easier to fit in various goods and services in different tax slabs for GST.

The Ministry of Finance said it has gradually abolished various cesses on goods and services in last three Budgets, in order to prepare the ground for smooth rollout of Goods and Service Tax (GST) from July 1. 
 
The cesses have been abolished in stages so that it is easier to fit in various goods and services in different tax slabs for GST.
 
The central government in its General Budget 2015-16 had abolished education cess, including secondary and higher education cess on taxable services, and exempted education cess on excisable goods as well as secondary and higher education cess on excisable goods. 
The following year, it abolished cess on cement, strawboard, three cesses including cess on iron ore mines, manganese ore mines and chrome ore mines by amending Labour Welfare Cess Act 1976, tobacco cess by amending the Tobacco Cess Act 1975, and cine workers welfare cess by amending the Cine Workers’ Welfare Cess Act 1981, among other things.
 
In its General Budget 2017-18, research and development cess was abolished by amending the Research and Development Cess Act.
 
Additionally, 13 cesses have been abolished via Taxation Laws Amendment Act 2017.
 
Source: PIB

Event date: 
Thursday, June 8, 2017

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