What is the objective behind the levy of Cess through GST (Compensation to States) Act, 2017:

CS Executive · Tax Laws · PYQS · June 2022
What is the objective behind the levy of Cess through GST (Compensation to States) Act, 2017:
(A) To generate surplus resources to cater the welfare needs of Nation
(B) To discourage the use of Sin and Luxury Goods and Services
(C) To provide compensation to the state for loss of revenue arising due to GST
(D) To provide compensation to the centre for loss of revenue arising due to GST

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic