The GST Council is likely to approve a two-year extension of compensation cess levy on goods and services to allow Centre to pay the entire shortfall in GST tax collection by states expected till June ...
The Central government is introducing an important tax measure called the Health Security se National Security (HSNS) cess on the paan masala sector. It is to be imposed through the Health Security se ...
Cess tax is a very important tool in the hands of the taxpayer to make the government accountable. A surcharge is more of a reserve taxing power in the hands of the government to garner funds ...
With the compensation cess set to expire by March 1, 2026, the Centre is likely to propose two new levies — a Health Cess on tobacco and other harmful substances and a Clean Energy Cess on coal and ...
The Finance Minister will introduce two Bills in the Lok Sabha on Monday to overhaul how cess is levied on cigarettes, pan masala and gutkha. The GST cess currently applied on these products will be ...
The Central Excise (Amendment) Bill, 2025, seeks "to give the government the fiscal space to increase the rate of central excise duty on tobacco and tobacco products so as to protect tax incidence," ...
Rs 500 to be levied on 2-wheelers, Rs 1,000 on cars at time of registration The Karnataka Assembly has recently passed the Karnataka Motor Vehicles Taxation (Second Amendment) Bill, 2024, introducing ...
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