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CENTRE CESSES COLLECTION
AI tools helping identify GST evasion, easing compliance for honest taxpayers: FinMinIndia's Goods and Services Tax (GST) system is leveraging advanced technologies like AI and data analytics to combat tax evasion and stream...30 Jun, 2026, 07.46 PM IST- As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...28 Jun, 2026, 11.42 AM IST
- Centre expects Rs 5.91 lakh cr from cess and surcharge in FY26The Finance Ministry anticipates collecting ₹5.91 lakh crore from cess and surcharge in the current fiscal year, marking a 9.43% increase f...30 Jul, 2025, 12.26 AM IST
- Govt aims to collect Rs 4.18 lakh cr from cess, Rs 1.72 lakh cr from surcharge in FY26The central government anticipates increased revenue from cess and surcharges. The target is over Rs 4.18 lakh crore from cess and over Rs ...29 Jul, 2025, 04.18 PM IST
- No cause for concern over sufficiency of GST cess fund: Finance MinistryThe finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track to meet all ob...02 Jan, 2025, 11.37 PM IST
- MoS Finance likely to be convenor of GoM on GST compensation cessA Group of Ministers led by Union Minister Pankaj Chaudhary will rework the GST compensation cess nomenclature. The panel will suggest how ...15 Sep, 2024, 11.55 AM IST
- 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...24 Jun, 2024, 12.11 PM IST
- 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...23 Jun, 2024, 01.03 PM IST
- 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...09 Oct, 2023, 03.25 PM IST
- Topped up cess collection to fund schemes for states: FM Nirmala SitharamanIn her reply to the finance and appropriation bills in the Rajya Sabha on Tuesday, Nirmala Sitharaman highlighted the utilisation of the va...31 Mar, 2022, 12.10 AM IST
- GST collection crosses Rs 1 lakh crore mark for first time since FebruaryGST revenues for October were 10 per cent higher than in the same month last year, with revenues from import of goods being 9 per cent high...01 Nov, 2020, 06.14 PM IST
- GST council needs to work out mid-way solution for settling revenue shortfall issue: Sushil ModiNon-BJP ruled states like Punjab, Kerala, Delhi and West Bengal are at loggerheads with the Centre over the financing of the Rs 2.35 lakh c...30 Aug, 2020, 05.45 PM IST
- 41st GST Council meet: Covid makes for grim backdrop as battle brews over revenue sharingThe Council’s 41st meeting on August 27 would discuss a single matter: compensation to states for revenue losses under the indirect tax reg...20 Aug, 2020, 01.48 PM IST
- GST compensation cess may see Rs 63,000 crore shortfallCompensation cess collection for FY 2018-19 was Rs 95,081 crore, just marginally lower than Rs 96,800 crore.24 Dec, 2019, 08.38 AM IST
- 15th Finance Commission to commission study on cess collections of CentreThe Finance Commission, which every five years recommends a ratio in which the tax money collected by the central government is to be divid...28 Feb, 2018, 07.34 PM IST
- Coal to add Rs 95,000 crore to government coffers by 2020According to data compiled by the Comptroller and Auditor General, the centre, has already collected Rs 53,967 crore in the form of Clean E...03 Jan, 2018, 07.02 AM IST
- Rs 24,000 crore raised as building cess lying idle: SCThe Supreme Court on Friday slammed the Centre and states for doing nothing to improve the condition of poor construction workers.02 Jul, 2016, 10.05 AM IST
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