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TMI BlogFAQ ON KERALA FLOOD CESS (Dated 29/07/2019)X X X X Extracts X X X X X X X X Extracts X X X X ..... Ans. Kerala Flood Cess is levied under Section 14 of Kerala Finance Act, 2019. The Kerala Flood Cess Rules published vide Notification SRO. No.359/2019 published as G.O.(P) No.80/2019/TD dated 25-05-2019. 4. Whether levy of Kerala Flood Cess is approved by GST Council? Ans. Yes. 32nd meeting of the GST council has accorded sanction to levy of Kerala Flood Cess. 5. How long the Kerala Flood cess will be collected and at what rate? Ans. Kerala Flood Cess will be in force for a period of two years from the date of commence ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ans. After login to the system, select the return period and enter the details of turnover of outward supply leviable under Kerala Flood Cess based on GST tax rates. 9. Whether Kerala Flood Cess is applicable to goods and services? Ans. Yes. Kerala Flood Cess is applicable to goods and services or both as per Section 14 (2) of Kerala Finance Act, 2019. 10. Kerala Flood Cess is to be calculated on which value? Ans. Kerala Flood Cess is to be calculated on the value of supply. The CGST and SGST collection shall not be included ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n furtherance of business. Supply of Goods or Services or both made by a taxable person in the State to another taxable person having Goods and Service Tax Registration in the State shall be leviable to Cess, if the supply is made not in furtherance of business. 13. Whether Kerala Flood Cess is applicable for supply of exempted goods or services? Ans. No. 14. Whether tax payers opting composition scheme is liable to pay Kerala Flood Cess? Ans. Composition tax payers are exempted from the levy of Kerala Flood Cess as per Section 14(1)(i) of Finance Act,2019. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furtherance of business. 19. At which point of supply cess is to be imposed? Ans. Transaction between tax payers in furtherance of business is exempted from levy of Kerala Flood Cess. If a supply is made to an unregistered tax payer, Kerala Flood Cess is to be levied. If the supply is made to a registered person but not in furtherance of business, Kerala Flood Cess is to be levied. 20. Whether interest is applicable for delayed payment of Kerala Flood Cess? Ans. Yes. The provision of Kerala Goods and Services Tax Act, 2017 and Central Goods and Services Tax Act, 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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