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COAL COMPENSATION CESS
GST & coal cess changes to lower power tariffs: CERCThe Central Electricity Regulatory Commission (CERC) has declared that changes in GST and coal compensation cess qualify as 'change in law'...- New GST reforms to bring down tax on coal, reduce power generation cost with removal of cess, says govtThe government announced Goods and Services Tax reforms for the coal sector. These reforms aim to lower the overall tax burden on coal. Con...
- Compensation cess accumulated in auto companies books to lapse on September 22: OfficialAuto companies face a potential loss of Rs 2,500 crore as the compensation cess on automobiles is set to lapse on September 22 with the new...
- 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...
- Tax tweak on coal yields net positive for discomsThe GST rationalization on coal, increasing the rate to 18% while eliminating the ₹400/tonne compensation cess, is projected to lower power...
- GST Council retains 28% tax and cess on tobacco, sin goodsThe Union finance minister will decide on the date when the new tax rate for these items will be applicable. Currently, such products attra...
- HC junks Rajasthan Rajya Vidyut Utpadan Nigam Limited's appeal on coal compensation cessThe Rajasthan High Court has ruled against Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) in a dispute concerning compensation cess w...
- Basavaraj Bommai confident about GST compensation, Siddaramaiah says its denial will cost Rs 20,000 crore to KarnatakaKarnataka has been at the forefront among the states in seeking an extension of GST compensation on grounds that its tax revenues have not ...
- Drop in GST revenues: Bommai says he’s confident GST council will extend compensationKarnataka has been on the forefront among the states in seeking an extension of GST compensation on grounds that its tax revenues have not ...
- Government notifies GST compensation cess extension to March 2026GST Compensation Cess is levied by the Goods and Services Tax (Compensation to States) Act 2017. The object of levying this cess is to comp...
- Power ministry seeks coal cess waiver for FGD power plants“The power ministry has proposed to the ministry of finance that they might consider exempting the cess on the power plants that are in com...
- Power Consumers to see 5 paise rise in tariffAccording to recent reports the PMO has proposed waiver of the coal cess, the savings from which is to be used for retrofitting pollution c...
- Green projects hit but 60% of Rs 1 lakh crore in coal cess sits idleAgainst such a huge collection, however, only Rs 29,614 crore has been transferred to NCEF so far.
- Parliamentary panel objects to diversion of clean energy fund to compensate states for GSTIn its report, the committee has observed that despite generating substantial revenue, the fund was not made available to fuel clean energy...
- SC upholds Compensation to States Cess under GST constitutionally validThe top court said the Compensation to States Act, enacted by the Parliament in 2017, is not a "colourable legislation".
- One year of GST: Should the government consider levying a sugar cessThe objective of a sugar cess can be the centre's way to help the distressed farmers.
- Cabinet may consider ordinance on GST cess hike tomorrowPresently, large motor vehicles, SUVs, mid-segment cars, large cars, hybrid cars and hybrid motor vehicles attract a cess of 15 per cent on...
- Cess to yield Rs 55,000 crore in first 9 months of GST rolloutThe amount to be raised through cess on coal as well as luxury items and sin goods will be used for compensating states for revenue shortfa...
- Tax department to calculate GST's impact on inflationThis is being done to minimise price rise once the new indirect tax regime is rolled out, officials said.
- Odisha opposes clean environment tax on coalThe Odisha government, however, welcomed the GST Council's decision to impose no tax or the lowest possible tax on daily consumer goods.
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