At the time of the introduction of the GST on July 1, 2017, a compensation cess mechanism was put in place for 5 years till June 30, 2022, to make up for the revenue loss suffered by states on account ...
New Delhi: The Centre on Wednesday issued an order giving effect to a new law levying a health and national security cess on tobacco and its products in place of the goods and services tax (GST) ...
New Delhi: The combination of GST and the machine-capacity-based cess levy on pan masala manufacturing will create a comprehensive tax architecture that improves detection of evasion and protects tax ...
NEW DELHI: The government on Wednesday formally annulled the vestige of compensation cess on sin goods such as cigarettes and tobacco products from the Goods and Services Tax regime as decided by the ...
New tax rules for pan masala manufacturing will be effective February 1. A health and national security cess will be added to the Goods and Services Tax. This dual system will track both sales value ...
The Ministry of Finance on Thursday (January 1, 2026) issued a series of notifications that would bring into effect the new taxation regime for tobacco products from February 1, 2026. First of all, it ...
The new levies will replace the existing structure of 28% GST plus compensation cess that has applied to cigarettes and tobacco products for nearly nine years. With the GST compensation cess set to ...
GST compensation cess proceeds—which was levied only on tobacco in December – fetched ₹4,536 crore, down from ₹11,471 crore the previous December, when the levy covered all items on the 28% ...
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