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CESS REPLACEMENT BILL
Cigarette prices jump as new excise regime kicks in, stoking smuggling fearsCigarette prices have significantly increased following a new excise duty. This tax hike, the first in seven years, aims to align India's t...- ITC, Godfrey Phillips shares crack up to 19% on New Year’s Day. What’s the bad news?Tobacco stocks like ITC and Godfrey Phillips saw significant drops on Thursday. This follows the finance ministry's notification of an addi...
- Parliament adjourned sine die after passing SHANTI, G Ram G and Insurance billsParliament concluded its winter session, passing eight key legislations including bills to boost private and foreign investment in insuranc...
- Health & national security cess only on demerit goods like pan masala, not essentials, says Nirmala SitharamanA new health and national security cess will be imposed on demerit goods like pan masala. Finance Minister Nirmala Sitharaman stated this c...
- Lok Sabha passes Central Excise (Amendment) Bill ahead of GST cess phaseout on ‘sin goods’New laws are set to tax tobacco and pan masala products. These bills replace the GST compensation cess. Excise duty will be levied on tobac...
- Parliament Winter Session: Finance Minister Sitharaman moves two bills for new cess on tobacco and other 'sin goods'New bills have been introduced to change taxes on tobacco and pan masala. The Central Excise Amendment Bill will levy excise duty on tobacc...
- Lok Sabha adjourns for the day; Bill on Manipur GST passed amid dinLok Sabha proceedings were adjourned for the day amid opposition protests demanding a debate on Special Intensive Revision of electoral rol...
- Central Excise (Amendment) Bill, 2025: Govt tables bill for new levies on cigarettes, pan masala and gutkhaFM Sitharaman introduces Health Security National Cess Bill 2025 to replace GST compensation cess on tobacco products, including cigarettes...
- Parliament Winter Session agenda: Sin-goods taxation, atomic bill on table as Oppn gears up for showdown over SIRParliament's Winter Session begins December 1st amidst opposition demands for a Special Intensive Revision of electoral rolls discussion. T...
- Centre plans new health and security cess to keep tobacco taxes high as GST compensation levy endsIndia is set to introduce new taxes on tobacco products like cigarettes, pan masala, and gutkha. This move comes as the Goods and Services ...
- ITC, Godfrey Phillips shares fall up to 2.5% as Centre plans new cess to keep tobacco taxes highCigarette makers ITC and Godfrey Phillips saw their shares fall. This follows the government's announcement of a new health and security ce...
- Bill to replace tobacco cess with new levy in winter sessionThe central government might present a bill during Parliament's winter session. This bill focuses on imposing a levy on tobacco products. I...
- Parliamentary panel Bill seeks expert suggestions on Income-Tax Bill 2025The Lok Sabha Select Committee is seeking input on the Income-Tax Bill, 2025, from experts and stakeholders, setting a two-week deadline fo...
- Companies unlikely to get transition credit for cesses paid earlierAlthough the government had made it clear at the outset that no transition credit would be available after implementation of the GST regime...
- Lok Sabha passes bill for GST cess hike on luxury cars to 25%The Ordinance provided for a hike in the GST cess on a range of cars from mid-size to hybrid variants and the luxury ones to 25 per cent.
- Government introduces bill on GST compensation cess in Lok SabhaAn ordinance to hike the GST cess on a range of cars from mid-size to hybrid variants to luxury ones to 25 per cent was issued in September...
- GST Compensation Bill to detail revenue foregone by statesThe Compensation Bill will provide a legal backing to the Centre's promise to compensate the states if their revenue growth rate falls belo...
- Replace profit-sharing by coal companies with royalty payment: PanelA Parliamentary panel has recommended removal of the provision of 26 per cent profit sharing by coal and lignite miners with project-affect...
- New mines bill to be tabled in Parliament in winter sessionNew Mines Bill, which provides for sharing of profits with project-affected people, will be introduced in the winter session of Parliament
- DTC bill tabled in Lok Sabha; proposes exemption limit of Rs 2 LakhCurrently, income between Rs 1.6-5 lakh attracts 10 per cent tax; between Rs 5-8 lakh, 20 per cent and beyond Rs 8 lakh, 30 per cent.
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