Indian Polity · Polity
Consider the following statements regarding the GST Compensation Cess: 1. The GST Compensation Cess was originally introduced for 5 years (2017 to 2022) to compensate states for revenue losses. 2. The levy was extended beyond 2022 to repay back-to-back loans taken during the COVID-19 period. 3. Under the GST Act, the Compensation Cess cannot be extended under any statutory provision. 4. It is levied on specified luxury and demerit goods such as tobacco and motor vehicles. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 13 and 4 only
- 21, 2 and 4 only✓
- 32 and 4 only
- 41 and 2 only
Correct answer
1, 2 and 4 only
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