Tata Motors PV sees EV boom, bets on record festive quarter as bookings triple: ExecutiveTata Motors Passenger Vehicles Ltd is increasing its electric vehicle market share. The company has experienced a three-fold growth in elec...
30 Aug, 2026, 02.01 PM IST
Government approves introduction of one billion polymer banknotes of Rs 10 and 20The government has approved polymer banknotes for field trials and regular issuance. Inflation has declined steadily, though recent pressur...
11 Aug, 2026, 02.29 PM IST
Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earningsGodfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cig...
03 Aug, 2026, 01.53 PM IST
Indian cigarette makers ITC, Godfrey Phillips, VST Industries see revenue and profit decline after tax hikeLeading Indian cigarette firms reported revenue and profit declines in the recent quarter. This downturn followed significant government ta...
02 Aug, 2026, 12.48 PM IST
ITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisisITC's first quarter net profit declined twenty-seven percent year-on-year. Record taxation on cigarettes significantly impacted the company...
01 Aug, 2026, 08.21 AM IST
VST Industries shares slide 4% after Q1 profit drops 25%, revenue falls 13%VST Industries shares fell over 4% on Wednesday after reporting a 25% YoY drop in Q1 FY27 net profit to Rs 42 crore and a 13% drop in reven...
29 Jul, 2026, 10.05 AM IST
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...
09 Sep, 2025, 06.03 PM IST
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...
24 May, 2025, 04.45 PM IST
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 ...
14 Dec, 2024, 12.28 AM IST
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...
02 Dec, 2024, 09.35 PM IST
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, ...
17 Oct, 2024, 12.02 AM IST
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...
16 Oct, 2024, 03.42 PM IST
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 ...
15 Sep, 2024, 11.55 AM IST
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...
09 Oct, 2023, 03.25 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
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...
07 Sep, 2020, 11.14 PM IST
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...
31 Aug, 2020, 06.52 AM IST