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COMPENSATION CESS
Delhi Chakka Jam live updates: Why drivers are on strike today in NCR; Check areas affected in Delhi, Noida, Gurugram, Ghaziabad and NCRDelhi Chakka Jam News: A three-day transport strike has started today across Delhi-NCR. Commercial vehicle drivers are protesting rising fu...- Transporter union announces three-day strike in Delhi-NCR from May 21The AIMTC, the apex body of truckers, private buses, taxi and maxi cab operators, held a meeting on Tuesday in Delhi where issues related t...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Supreme Court seeks response from Centre, others on plea to prevent cattle intrusion on highwaysThe Supreme Court has asked the Centre and states for their views on a plea to keep stray cattle off national and state highways. The court...
- 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...
- 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...
- GST council to meet soon to discuss rate rationalisation, compensation cess futureThe Goods and Services Tax Council is expected to convene shortly in New Delhi. Discussions will focus on simplifying tax rates and rationa...
- Smokey Affair: GST on cigarettes, tobacco products may be raisedIndia is considering raising the GST on cigarettes and tobacco products to 40% and adding an additional excise duty after compensation cess...
- Compensation cess: GoM may seek more time to submit reportA group of ministers (GoM) will likely request the GST Council to extend the December 31 deadline for their report on compensation cess by ...
- GoM may seek extension to conclude discussions and submit findings on compensation cessA Group of Ministers (GoM) may seek a three-month extension to conclude discussions on the future of the GST compensation cess beyond March...
- GoM on GST compensation cess holds first meeting: No new levies until future is decidedA group of ministers decided not to extend the GST compensation cess to new items until determining its future post-March 2026. The panel, ...
- GST Compensation Cess Future: Group of Ministers proposes merger with taxesThe GoM on GST discussed merging compensation cess with GST. States suggested no new items should be added during this transition. Compensa...
- 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 ...
- 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...
- ITC shares fall as GST Council rejects tobacco industry's proposal to reconsider compensation cessThe tobacco industry had sought "uniform additional compensation cess on cigarettes, compensation cess on bidis, additional compensation ce...
- 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...
- States should stand firm, reject Centre's options on GST compensation cess: ChidambaramThe former finance minister said the states should not borrow as the liability to provide Goods and Services Tax (GST) compensation as well...
- GST compensation cess states revenue, Centre can't borrow against it: FinMin sourcesThe revenue accruing from GST compensation cess goes to the states and the Centre cannot borrow on the security of the tax which it does no...
- GST compensation fund, cess can stay beyond 5 years if steep fall in revenue continues: Attorney GeneralThe country’s top law officer, however, said any decision to extend the cess beyond the five-year period would require endorsement by a thr...
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