New Delhi, June 7 (Punjab Post Bureau) – The Central Government in the last three General Budgets viz 2015-16, 2016-17 and ![\"gst-taxes\"](\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/GST-Taxes.jpg\")
2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll- out of Goods and Service Tax (GST) from 1st July, 2017. The Central Government has taken this step in stages by abolishing various cesses so that it is easier to fit in various goods and services in different tax slabs for GST.<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Central Government in its General Budget 2015-16 had abolished Education Cess, including Secondary and Higher Education Cess on taxable services,\u00a0and exempted\u00a0Education Cess on excisable goods as well as Secondary and Higher Education Cess on excisable goods.<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In its General Budget 2016-17, the Central Government abolished cess on cement, strawboard, three cesses including cess on\u00a0Iron 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\u2019 Welfare Cess Act 1981 among others.<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In its General Budget 2017-18, the Central Government abolished Research and Development cess by amending the Research and Development Cess Act.<\/p>\n
\u00a0Through Taxation Laws Amendment Act 2017, the following cesses are abolished. However, the date of the implementation will coincide with the date of the GST roll-out:<\/p>\n
\u00a0i)The Rubber Act 1947 \u2013 Cess on Rubber<\/p>\n
iii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Tea Act 1953 \u2013 Cess on Tea<\/p>\n
vii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Sugar Cess Act 1982, the Sugar Development Fund Act 1982 \u2013 Cess on Sugar<\/p>\n
viii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Jute Manufacturers Cess Act 1983 \u2013 Cess on Jute Goods manufactured or produced or in part of Jute.<\/p>\n
xii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Finance Act 2015 \u2013 Swachh Bharat Cess<\/p>\n
xiii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Finance Act 2016 \u2013 Infrastructure Cess and Krishi Kalyan Cess<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 However, the following cesses will continue to be levied under the GST regime since they pertain to customs or goods which are not covered under the GST regime:<\/p>\n
\u00a0i)The Finance (2) Act 2004 \u2013 Education Cess on Imported Goods<\/p>\n
iii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cess on Crude Petroleum Oil under the Oil Industry Development Act, 1974<\/p>\n
vii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0NCCD on Tobacco and Tobacco Products and Crude Petroleum Oil.<\/p>\n
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New Delhi, June 7 (Punjab Post Bureau) – The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll- out of Goods and Service Tax (GST) from 1st July, 2017. The Central Government has …<\/p>\n","protected":false},"author":1,"featured_media":81577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-98100","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-english"],"yoast_head":"\n