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What is GST Compensation Cess?

States were initially apprehensive of not earning as much revenue under the GST regime as they were earning under the erstwhile indirect tax laws. The Central Government guaranteed the state governments minimum tax revenue for states for obtaining their consent for transitioning to the GST regime and pass their own respective State GST laws. This minimum tax revenue is known as GST Compensation Cess and will be provided by the Central Government to the State Governments for 5 years. The cess is applicable only on certain products.

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