Amendment status not verified — confirm the current text below against the official source.
(1) There shall be levied and collected from dealers a Cess at the rate of one per cent on the tax payable by them under sections 6 and 8 of the Kerala Value Added Tax Act, 2003 (30 of 2004) and section 5 and section 7 of the Kerala General Sales Tax Act, 1963 (15 of 1963), to be called the Social Security Cess, to fulfill the commitment of the Government to provide and finance a comprehensive social security scheme. (2) Notwithstanding anything contained in sub-section (1) no Cess shall be levied in respect of declared goods as defined in section 14 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956). (3) The Government may, after due appropriation made by the Legislature by law in this behalf, utilise such sums of money of the Social Security Cess for the purposes specified in sub-section (1). (4) The provisions of section 30 of the Kerala Value Added Tax Act, 2003 (30 of 2004) and section 22 of the Kerala General Sales Tax Act, 1963 (15 of 1963) shall be applicable for the collection of Cess as per sub-section (1). (5) The provisions regarding the assessment, input tax credit, special rebate and recovery in the Kerala Value Added Tax Act, 2003 and assessment and recovery in the Kerala General Sales Tax Act, 1963 shall mutatis mutandis apply to Cess under this section. [(6) Notwithstanding anything contained in this section, in cases where the certificate of settlement under chapter III of the Kerala Finance Act, 2024 (18 of 2024) has been issued on settlement of the arrears pertaining to a specified order, the cess payable under this section on the arrear of tax pertaining to such specified order shall be deemed to be settled under chapter III of the Kerala Finance Act, 2024 (18 of 2024) and the dealer shall be discharged from his liability to make payment of such cess: Provided that where such cess has already been paid, no refund of the same shall be available. Explanation.-- For the purposes of this section, the expressions "arrears of tax or surcharge", "certificate of settlement", "specified order" shall have the same meaning as assigned to them in the Kerala Finance Act, 2024 (18 of 2024)] Inserted by ACT 28 OF 2024 Published in K.G. Ext. No. 3514 dt. 02/11/2024 (w.e.f. 01/08/2024).