Is Kerala Flood Cess Applicability?
Gst Commissioner of Kerala Recalled That That the Flood Cess Was Introduced on August 1, 2019, with a View to Raising Resources for Rebuilding the State...
GST Commissioner of Kerala recalled that that the Flood Cess was introduced on August 1, 2019, with a view to raising resources for rebuilding the state following the devastating floods of 2018, and it was made applicable for two years. This period ends tomorrow (August 1), the Commissioner said.
Who is liable to pay Kerala flood cess?
As per Rule 3 (1) of Kerala Flood Cess Rules, 2019, only taxable persons are liable to file Kerala Flood Cess Return in Form KFC-A and to pay Kerala Flood Cess. If the taxable persons has no supply liable to Kerala Flood Cess during a Financial Year, they are not liable to file Kerala Flood Cess Return.
Who are exempted from Kerala flood cess?
As per Section 14(1)(iii) of Kerala Finance Act, 2019, supplies of goods or services or both made in furtherance of business by taxable person in the State to another taxable person having Goods and Services Tax registration in the State is exempted from levy of Kerala Flood Cess.
Elena Rostova holds a Master's degree in Public Health Journalism. She covers groundbreaking medical research, holistic wellness trends, mental health awareness, and nutritional science.
