The government will collect Rs 14,000 crore from a new health and national security cess on pan masala in the next fiscal year. This cess, ...

The central government might present a bill during Parliament's winter session. This bill focuses on imposing a levy on tobacco products. I...

The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track to meet all ob...

A Group of Ministers led by Union Minister Pankaj Chaudhary will rework the GST compensation cess nomenclature. The panel will suggest how ...

Finance Minister Nirmala Sitharaman announced that the upcoming GST council meeting will address the rationalisation of tax rates, includin...

The compensation cess was initially brought in for five years to make up the revenue shortfall of states, following the implementation of t...

The GST Council will discuss the future of the compensation cess on luxury and demerit goods collected to repay loans taken by the Indian g...

GST Compensation Cess is levied by the Goods and Services Tax (Compensation to States) Act 2017. The object of levying this cess is to comp...

Replying to a supplementary during the Question Hour by NCP leader Vandana Chavan for asking why non-BJP states have higher GST compensatio...

The Union Minister was responding to a query on Karnataka Chief Minister Basavaraj Bommai's statement requesting the Centre to extend the G...

GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out from July 1, 2017. The five year period for compen...

Giving details of Goods and Services Tax (GST) compensation released and pending to be released as on November 24, 2021, Minister of State ...

As per the decision of GST Council, back to back loan of Rs.1.59 lakh crore has already been released in lieu of shortfall in release of GS...

Earlier on 15th July, 2021 an amount of Rs 75,000 crore was released to the States & UTs with legislature. This release is in addition to n...

The Centre has estimated the shortfall in GST compensation payable to states in the current fiscal year at Rs 2.59 lakh crore, of which abo...

"The economic impact of the pandemic has led to higher compensation requirement due to lower GST collection and at the same time lower coll...

Finance Minister Nirmala Sitharaman had said last week in Rajya Sabha during her reply in Budget session that states will get Rs 30,000 cro...