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...
06 Sep, 2025, 12.55 AM IST
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...
05 Sep, 2025, 12.07 PM IST
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...
04 Sep, 2025, 04.11 PM IST
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...
26 May, 2025, 12.36 AM IST
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 ...
30 Jun, 2022, 05.42 PM IST
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 ...
27 Jun, 2022, 11.16 PM IST
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...
26 Jun, 2022, 07.30 AM IST
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...
16 Jul, 2021, 05.52 PM IST
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...
07 Jan, 2020, 03.52 PM IST
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.
14 Aug, 2019, 02.55 PM IST
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...
10 Dec, 2018, 10.07 AM IST
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".
03 Oct, 2018, 10.22 PM IST
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.
01 Jul, 2018, 12.56 PM IST
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...
29 Aug, 2017, 07.08 PM IST
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...
29 May, 2017, 03.39 PM IST
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.
17 Mar, 2017, 09.39 PM IST
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.
04 Nov, 2016, 05.47 PM IST