Cabinet clears abolition of cesses for GST rollout
The Cabinet has approved amendments in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of Goods and Services Tax (GST). Following this, the Centre will abolish 16 cesses and surcharges on union excise and service tax as it lays down the path for rolling out GST from July. The amendments in the Customs Act, 1962, allow furnishing of information relating to import or export of goods. Cesses to be abolished include Krishi Kalyan and Swachh Bharat.
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