Kerala to collect ‘Flood Cess’
In the first budget presented after the devastating flood, the Kerala government has decided to collect a cess for the rebuilding of the state, named ‘Flood Cess’.
The state is expected to collect as many as 600 crores additional revenue every year through the proposed cess.
The state will impose one per cent cess on goods that come under the GST tax brackets of twelve per cent, eighteen per cent and twenty-eight per cent. The state will also impose one per cent cess on all services.
As part of the state’s effort to revive the state from the state it has fallen into due to the flood, the budget has announced twenty-five ambitious mega projects.
There are clear indications in the budget that all small luxuries available for common men in the state, such as movies and liquors, will now become a little more expensive.
More details are awaited.
Vignesh. S. G
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