The GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid ...

The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track ...

Its ‘Terms of Reference’ is to make taxation proposal to replace compensation cess after its abolition. Technically, all cess and surcharge (Centre and States) are part of GST. However ...

The GoM looking into the much-debated restructuring of the GST compensation cess has been given time till June 30, 2025, to give their recommendations. These would be keenly awaited by many States.

As corporate tax and disinvestment receipts fall and tax-to-GDP stagnate, the GST has to do the heavy-lifting to bring ...

The GST Council will likely consider the GoM's extension request at its next meeting, along with discussions on the broader implications of the compensation cess framework The Group of Ministers ...

The Group of Ministers (GoM) tasked with restructuring the Compensation Cess has requested an extension until June 30, 2025, to finalise the roadmap for the cess, sources tell Business Today TV.

In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28 per cent tax. The proceeds from the cess, which was originally planned for five ...

According to sources, a decision on the compensation cess could also take longer as the Group of Ministers is expected to provide a status report on the issue as of now. The GST Council ...

GST on insurance premia and the fate of compensation cess post-March 2026. The Goods and Services Tax Council (GST) in its 55th meeting on Saturday took a slew of decisions to protect the poor ...

What did we get? Right off the bat, GST was launched in 2017 with five rates — 0 per cent, 5 per cent, 12 per cent, 18 per ...