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EXCESSIVE CESS COLLECTIONS
Why investors are ready to play in global equity leagueIndian investors are increasingly looking overseas as global markets outperform domestic equities, driven by themes like AI. While internat...- 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, ...
- Construction workers may get pan-India card, pensionUnder the Building and Other Construction Workers Act, 1996, state governments through their state welfare boards are mandated to frame and...
- FY'22 GST compensation shortfall estimated at Rs 2.69 lakh croreThe Centre expects to collect over Rs 1.11 lakh crore through cess on luxury, demerit and sin goods which will be given to the states to co...
- Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre's borrowing optionWhile as many as 21 states, mostly ruled by BJP or parties which have supported it on issues, had till mid-September opted to borrow Rs 97,...
- Kerala rejects Centre's proposal of borrowing by states to meet GST revenue shortfallThe Centre and opposition-ruled states like Punjab, Kerala, Delhi and West Bengal, are at loggerheads over the financing of the Rs 2.35 lak...
- GST council needs to work out mid-way solution for settling revenue shortfall issue: Sushil ModiNon-BJP ruled states like Punjab, Kerala, Delhi and West Bengal are at loggerheads with the Centre over the financing of the Rs 2.35 lakh c...
- GST Council to discuss Attorney General's opinion on compensation: FM SitharamanUnder the GST structure, taxes are levied under 5 per cent, 12 per cent, 18 per cent and 28 per cent slabs. On top of the highest tax slab,...
- States may have to borrow as AG says Centre not obligated to pay for GST compensation shortfallSources 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...
- Centre to release another Rs 35,000 cr compensation to states soonUnder the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not incre...
- GST collection crosses Rs 1.1 lakh crore in JanuaryThis is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after high-level meetings with senior officials of the tax dep...
- Cigarette industry body wants GST Council to roll back tax increaseThe GST Council at its meeting on Monday increased the compensation cess rate on various segments of cigarettes ranging from Rs 485 to Rs 7...
- Will the rich be taxed more post this budget?Will the forthcoming Budget help in reducing the mounting gap between the rich and poor of our nation?
- Textile committee cess to be wrapped upThere’s good news for the textile industry. The government is likely to scrap the textile committee cess.
- Education cess mop-up betters govt estimatesElementary education may be getting the short shrift as far as Budget 2007 may be concerned, but education cess collection are expected to ...
- Textile cess on garments to be droppedIn a bid to boost garment industry, the government on Thursday decided to abolish the textile cess on ready-made garments.
- Centre scraps textile cess on readymade garmentsIn a bid to boost the country’s garment industry, the government on Thursday decided to abolish the textile cess on readymade garments.
- Govt abolishes Textile Committee cess on RMGn a bid to give a boost to country's garment industry, the government on Thursday decided to abolish the Textile Committee cess on ready ma...
- Govt may scrap textiles panel cessThe textiles committee cess may soon become history. The law ministry has approved a proposal of the textile ministry to abolish the cess.
- Textile committee cess on way outThe textile committee cess may soon be abolished as the government finds it difficult to explain it in global trade forums such as the Worl...
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