Source says GST to result in dissolution of Sugar Development Fund.

Sugar Development Fund is likely to be dissolved under the GST regime, which the government plans to roll out from July 1. Govt currently levies a cess of 124 rupees per 100 kg on sugar mills, which is passed on to consumers. Centre allocated 2 billion rupees in the Budget to meet administrative expenses of the fund and food ministry asked for additional 4 billion rupees for the committed expenses, which is also allocated. GST Council has kept sugar under the 5% tax slab.