Group Of Ministers Not In Favour Of Sugar Cess, Moots Reducing GST On Ethanol To 12%

A ministerial panel today mooted a reduction in the Goods and Services Tax on ethanol from 18 percent to 12 percent but did not favour imposing cess on sugar as arrears to cane farmers are already declining. The Group of Ministers, headed by Assam Finance Minister Himanta Biswa Sarma, will also wait for the Attorney General’s opinion before taking a view on whether a cess can be levied at all unde…