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CESS COLLECTIONS
Govt plans financial aid for contractors to provide temporary homes to labourers at project sitesHousing Minister Manohar Lal Khattar announced plans to financially assist contractors for temporary labourer housing at project sites, fun...- Why investors are ready to play in global equity leagueIndian investors are increasingly looking overseas as global markets outperform domestic equities, driven by themes like AI. While internat...
- PM Modi denies proposal to impose surcharge on foreign travelAddressing concerns about reports suggesting a new tax on international travel, Prime Minister Narendra Modi was quick to clarify that such...
- Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
- Delhi government to introduce smart cards, cess portal to benefit construction workersDelhi government is introducing chip-enabled smart cards for construction workers. This initiative will streamline registration and welfare...
- Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
- CAG flags Rs 3.69 lakh crore cess transfer shortfall; RJD MP demands accountability in Rajya SabhaA Rajya Sabha member has highlighted a major issue with central government cess collections. A CAG report reveals a Rs 3.69 lakh crore shor...
- 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 ...
- 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 ...
- 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...
- 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...
- Govt collects Rs 1.33 lakh crore GST in February, cess collection crosses Rs 10,000 cr for first timeThis is the fifth time that the GST collection has crossed the Rs 1.3 lakh crore mark. The GST cess collection crossed the Rs 10,000 crore ...
- Centre 'betrayed' states by transferring compensation cess to CFI, alleges SiddaramaiahPointing out that the cess collected was non-lapsable, which means it should be carried over to the next financial year, the former chief m...
- Centre used GST funds elsewhere, violated the law: Comptroller Auditor General“Audit examination of information in Statements 8, 9 and 13 with regard to collection of the cess and its transfer to the GST Compensation ...
- FM Nirmala Sitharaman says centre committed to paying GST compensation; does not give timelineDuring the debate in the Rajya Sabha on the bill seeking Parliamentary nod for additional or supplementary spending in the current fiscal, ...
- September GST collection stands at Rs 94,442 crore against Rs 93,690 crore in AugustOf this, CGST is Rs 15,318 crore, SGST is Rs 21,061 crore, IGST is Rs 50,070 crore and cess collections are Rs. 7,993 crore.
- Finance Ministry may scrap sugar cess in Budget 2017The cess, collected from sugar mills, is deposited in Sugar Development Fund (SDF) managed by the food ministry. The fund is used to lend m...
- SC upholds cess from builders for workersSupreme Court has upheld the legality of the cess collected from the builders and contractors under the provisions of the Building and Othe...
- Cess collected by state governments remains unutilisedThe state governments have not even utilised 25% of the cess collected, meant for welfare of construction workers in the last six years, sa...
- Education cess mop-up betters govt estimatesElementary education may be getting the short shrift as far as Budget 2007 may be concerned, but education cess collection are expected to ...
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