The GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid loans. An additional ₹13,000 crore compensation may be required after ...

Andhra Pradesh request for a 1% cess will be referred to a Group of Ministers (GoM) as was done previously for a similar request by Kerala in 2018. At a press conference after the GST Council ...

The group of ministers (GoM) on GST compensation cess, under Minister of State for Finance Pankaj Chaudhary, on Wednesday ...

CESS'] AeTV = columns['tax on outward and reverse charge inward suplies - (e) Non-GST outward supplies - taxable value'] B1IGST = columns['Eligible ITC - (1) Import of goods - Integrated Tax'] B1Cess ...

The GST Council on Monday approved a proposal to hike cess on SUVs, mid-sized, large and luxury cars from present 15 per cent to 25 per cent. These mid-segment to luxurious cars had become cheaper ...

The government imposed a 2% additional cess on mid-sized cars, 5% on large cars and 7% on SUVs, taking the total incidence of taxation to pre-GST levels. Majority of carmakers said that prices ...

The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track to meet all obligations, including back-to-back loan repayments, with a ...

Findings We predict that the statutory GST rate of 28% plus compensation cess will increase the price of cigarettes, bidi and smokeless tobacco by 0.18%, 8.8% and 6%, respectively, and, as a result, ...

The Goods and Services Tax (GST) Council has set up a 10-member GoM, chaired by Minister of State for Finance Pankaj Chaudhary, to decide on the taxation of luxury, sin and demerit goods once the ...

U.S. Navy Strikes Houthi Weapon Facilities In Yemen After Missile And Drone Attacks On Israel The United States Navy launched Tomahawk missiles at Houthi weapon facilities in Yemen on Tuesday.