Kerala budget introduces flood cess
Thiruvananthapuram: The Kerala finance minister Thomas Issac introduced the flood cess in the state budget 2019-20 here on Thursday. The new cess will be in force for two years.
It is reported that 0.25 percent flood cess will be imposed on gold, silver, platinum. At the same time, small scale products are excluded from the flood cess.
Flood cess will not be levied on products which come under GST tax slab of 5 percent and below.
One percent cess will be imposed on products which comes under highest GST slab.
However, with the new budget, price of electronic products and other luxuary products will go up.