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COVID 19 CESS
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Cess on pan masala to fetch Rs 14,000 cr in FY27The government will collect Rs 14,000 crore from a new health and national security cess on pan masala in the next fiscal year. This cess, ...
- Centre may prepay market loans taken to compensate states for GST revenue loss during Covid yearsThe compensation cess was initially brought in for five years to make up the revenue shortfall of states, following the implementation of t...
- GST Council to discuss on apportioning, renaming compensation cess beyond March 2026The GST Council will discuss the future of the compensation cess on luxury and demerit goods collected to repay loans taken by the Indian g...
- Metro cess on property registrations in Mumbai, 3 Maharashtra cities back after COVID-19 breakBhushan Gagrani, principal secretary (urban development), said the state government had taken a decision in February 2019 to levy one per c...
- GoM on Sikkim's demand to levy Covid cess to meet on June 17A Group of Ministers set up to look into Sikkim's demand of levying Covid cess on power and pharmaceutical sectors will meet on June 17. Ac...
- GST Council to discuss compensation cess extension, vaccine tax exemption on SaturdayGST compensation of Rs 1.58 lakh crore was planned to be financed through back-to-back loans to be raised by the Centre while Rs 1 lakh cro...
- Implications of the 43rdGST Council meet, and what comes next?One major change introduced by the Council was the grant of IGST exemption to specified COVID -19 relief goods purchased for free distribut...
- Maharashtra realtors seek extension of development fee concessionsIn the state’s capital of Mumbai, the country’s biggest property market, on an average more than one-third of any real estate project’s cos...
- Petrol, diesel to become cheaper by Rs 5 in Assam from midnight; liquor to be cheaper by 25 pcAssam finance minister Himanta Biswa Sarma, while presenting the vote on account on Friday, said that 25 per cent additional cess on liquor...
- Over 70% industry respondents expect Budget to hike standard deduction limit: KPMG surveyA majority of respondents in the survey believe that with the government facing the prospect of significantly increased expenditure in the ...
- Covid cess may face legal hurdles: ExpertsWhile the modality of the same is still not clear, the government is looking to introduce additional cess on current direct and indirect ta...
- GST: 12 states accept centre’s Rs 97,000 crore borrowing optionSix more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will be giving their option in a day or two, fina...
- GST Council can take call on borrowing from market to compensate states: Attorney GeneralUnder the GST framework, any decision on compensation and how it needs to be provided rests with the council, according to a person familia...
- Punjab government imposes COVID cess on liquorThe move will help the state to mobilise additional revenue of Rs 145 crore in the current fiscal.
- Finance Ministry not considering calamity cess on GSTMinistry sources said that in the present economic scenario during the COVID-19 pandemic, any purported proposal of introducing a calamity ...
- Assam, Nagaland, Meghalaya and Arunachal Pradesh may levy COVID cess on liquorAssam finance minister, Himanta Biswa Sarma said, “We had an informal discussion with these states and we may increase the tax on liquor. T...
- Nagaland impose Covid-19 cess on petrol and diesel salesWhile Nagaland is the first state to impose a Covid-specific cess, Assam recently increased taxes on petrol by Rs 6 and on diesel by Rs 5, ...
- Nagaland levies COVID-19 cess of Rs 5 per litre for diesel and Rs 6 for petrol and motor spiritThis notification shall come into force with effect from midnight of April 28.
- Govt exempts customs duty, cess on ventilators, surgical masks, PPE, Covid-19 test kits“In the context of Covid-19 situation, considering the immediate requirement of ventilators and other items, the Central Government has gra...
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