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COVID 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, ...
- India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanzaThe Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repayi...
- 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...
- Will petrol and diesel come under GST? Council to take call in first in-person meeting since start of pandemicThe GST council may decided today on a range of topics including whether to include petroleum products under GST ambit which will significa...
- GoM recommends one-time grant for Sikkim instead of Covid cess“A state does not have the right to levy a cess on sale outside the state, the provision is not there under integrated goods and service ta...
- 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 meeting: Arunachal Pradesh supports Sikkim's proposal for seeking of concurrence for levy of COVID Cess on power and pharmaceutical sectorGoa also supported this proposal and thereafter Chairperson assured to form a committee of Group of Ministers (GOM) as done earlier for all...
- Covid cess unlikely to move market: Sanjay Dutt, Quantum Securities"A Covid cess, or tinkering with tax for super rich in Budget would be a mere blip in market. We will get over it."
- 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...
- Taxed by the pandemic, Centre may go for a coronavirus cess in Budget 2021The industry has asked that no new taxes be levied as the economy is under stress in its budget recommendations. Experts also opposed the i...
- To tide over the burden: Covid vaccines to be spared from Covid cess“Whatever money that we require we do not require upfront. It will be required in the same staggered manner in which you are vaccinating th...
- The GST cess shortfall – does tobacco hold the key?Tobacco is taxed at the highest slab of GST at 28 percent, being ‘sin goods’ and further attracting levies of additional duties like NCCD. ...
- 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, ...
- HD Kumaraswamy suggests COVID cess on ultra rich to offset revenue lossFormer Karnataka Chief Minister H D Kumaraswamy on Monday suggested imposing "COVID cess" on the ultra rich to offset the loss of revenue, ...
- COVID-19 lockdown: H D Kumaraswamy calls for lowering cost of livingCalling for measures like partial waivers of EMIs, rents, school fees, cut in petrol and diesel prices, the JD(S) leader said, the loss of ...
- 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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