States were of the view that since the compensation cess ends in March 2026, the only way to restructure it is to merge the ...
sin and demerit goods over and above the 28 per cent tax. The proceeds from the cess, which was originally planned for five years after GST roll-out or till June 2022, was used to compensate states ...
Finance Ministry on Thursday said that service tax on restaurant bills will go up from 5.6 per cent to 5.8 per cent following the levy of 0.5 per cent Swachh Bharat cess on all taxable services ...
The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track ...
The compensation cess regime comes to an end in March ... In total, the GoM on rate rationalisation has proposed tax rate tweaks in 148 items to the GST council. "The net revenue impact of ...
"The cess will be on luxury items and state-specific levy," Keshav said. The GST law provides for a levy of special taxes for a specified period to raise additional resources during any natural ...