FM Sitharaman introduces Health Security National Cess Bill 2025 to replace GST compensation cess on tobacco products, including cigarettes...

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

The Union finance minister will decide on the date when the new tax rate for these items will be applicable. Currently, such products attra...

India is considering raising the GST on cigarettes and tobacco products to 40% and adding an additional excise duty after compensation cess...

A group of ministers (GoM) will likely request the GST Council to extend the December 31 deadline for their report on compensation cess by ...

A Group of Ministers (GoM) may seek a three-month extension to conclude discussions on the future of the GST compensation cess beyond March...

The GoM on GST discussed merging compensation cess with GST. States suggested no new items should be added during this transition. Compensa...

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

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...

In a statement, the ministry said normally, GST compensation for 10 months (April-January) of any financial year is released during that ye...

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 former finance minister said the states should not borrow as the liability to provide Goods and Services Tax (GST) compensation as well...

Pointing out that the cess collected was non-lapsable, which means it should be carried over to the next financial year, the former chief m...

“Audit examination of information in Statements 8, 9 and 13 with regard to collection of the cess and its transfer to the GST Compensation ...

The 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...

The country’s top law officer, however, said any decision to extend the cess beyond the five-year period would require endorsement by a thr...