GST CESS in LS Central is designed to handle the additional tax levied on certain goods, such as luxury products, tobacco, and environmentally hazardous items. GST CESS is imposed over and above the standard GST (CGST, SGST, IGST) rates and is crucial for businesses selling such items.
This article provides information about tax types that a tax authority can levy in the same jurisdiction or a different jurisdiction. Calculation and posting of this type of tax to G/L Accounts.
See also
Tax Information (Transaction Register)