Finance Ministry not considering calamity cess on GST
- Jun 5, 2020 | Divita S Gupta
Unlike previous reports, the Finance Ministry is not considering the imposition of a calamity cess on GST as businesses are grappling with low sales and declining demand during this time. Previous reports have stated that the Centre was considering the imposition of a calamity cess similar to the flood cess imposed by the state of Kerala last year. Ministry sources have stated that imposing a calamity cess in the time of the pandemic would prove to be counterproductive as sales are already at low volume and the industry is facing a deep crisis. A calamity cess at such a time will only dampen consumer sentiment and further worsen market conditions.