{"id":20075,"date":"2024-09-11T15:16:27","date_gmt":"2024-09-11T09:46:27","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=20075"},"modified":"2024-09-11T15:16:31","modified_gmt":"2024-09-11T09:46:31","slug":"gst-compensation-cess","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/gst-compensation-cess\/","title":{"rendered":"Everything You Need to Know About GST Compensation Cess"},"content":{"rendered":"\n
The Goods and Services Tax (GST) is an indirect tax imposed by the government on the supply of goods and services. In addition to GST, a GST compensation cess is levied on specific products, requiring taxpayers to pay an extra amount. Discover who is responsible for collecting this cess and remitting<\/a> it to the Central Government, as well as the goods that have been subject to this compensation cess since its introduction in 2017.\u00a0<\/p>\n\n\n\n Excluding exporters and composition taxpayers, all other taxable persons involved in the supply of selected goods and services will collect compensation cess. This will also cover the compensation cess applicable to certain goods imported into India.<\/p>\n\n\n\n However, if a taxpayer pays compensation cess on exports, he\/she can claim its refund. The taxpayers collecting compensation cess need to remit it to the Central Government of India, which distributes it to the state governments.<\/p>\n\n\n\n \ud83d\udca1If you want to pay your GST with Credit Card, then download\u00a0Pice Business Payment App<\/a>. Pice is the one stop app for all paying all your business expenses.<\/p>\n\n\n\nWho Must Collect GST Compensation Cess?<\/strong><\/h2>\n\n\n\n