Temporary disaster cess on agenda of GST Council’s meeting next week: Thomas Isaac

The goods and services tax (GST) Council will discuss a proposal to levy a disaster cess on a few items across India for a short duration during its next meeting on 28 September, Kerala finance minister Thomas Isaac said on Thursday.  The move, however, is unlikely to be welcomed by the industry as cesses are considered to distort the GST architecture. Typically, no input tax credit is availa…