Tag: Compensation Cess

The 56th GST Council decided to remove compensation cess in a phased manner until the remaining liability of the back-to-back loans taken to fund state revenue losses during the pandemic period was discharged. (Pixabay)
Posted in Business

GST compensation cess on tobacco to end on Feb 1; new laws notified| Business News

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…

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Posted in GST

Simpler on paper, complex in practice: Auto industry grapples with new GST framework

The GST Council’s recent decision to rationalise taxes on several products, including automobiles has created a structural shift in India’s indirect tax framework. By moving…

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