Sugar cess: GST Council to decide today; looks to raise Rs 1,540 cr
The proposal to impose the cess on sugar will be discussed today at the meeting of GST Council, to be chaired by Union finance minister Arun Jaitley. The Centre and states need to have a consensus on the decision. The meeting will be joined by the state finance ministers through video conferencing. The Council may also discuss slashing the GST rate on ethanol from the current 18%, a demand raised by the oil companies.