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

A group of ministers decided not to extend the GST compensation cess to new items until determining its future post-March 2026. The panel, ...

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 ...

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...

One major change introduced by the Council was the grant of IGST exemption to specified COVID -19 relief goods purchased for free distribut...

In letters sent out to chief ministers, the Union finance minister has elaborated that the special window being provided to states and that...

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

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...

Tobacco is taxed at the highest slab of GST at 28 percent, being ‘sin goods’ and further attracting levies of additional duties like NCCD. ...

The Council’s 41st meeting on August 27 would discuss a single matter: compensation to states for revenue losses under the indirect tax reg...

Under the GST framework, any decision on compensation and how it needs to be provided rests with the council, according to a person familia...

Sources said the AG in his view has said there is no obligation on the central government to pay the GST compensation shortfall from its co...

The Compensation Bill will provide a legal backing to the Centre's promise to compensate the states if their revenue growth rate falls belo...

“The clean energy cess, cess on tobacco, cess on paan, cess on luxury cars and the cess on aerated beverages will remain the same as what i...