The Goods and Services Tax Council will soon meet to discuss GST simplification. Tax rate rationalisation and the future of ...

The government is focused on simplifying the indirect tax regime and addressing anomalies in the existing GST rate structure, ...

The Union government has capped the maximum rate of GST compensation cess that would be levied on pan masala, cigarettes and other forms of tobacco and linked the highest rate to their retail sale ...

The Council will look at levying the cess at the manufacturing stage based on production capacity as against the current practice of imposing it on supplies made by the manufacturer. This proposed ...

An Inter Ministerial Committee, set up by the Coal Ministry, has suggested that GST compensation cess should be imposed on an ad-valorem basis so that it is directly related to the price and ...

(File photo) However, the current tax rate on four-wheelers (28%), which also attracts a GST cess meant for financing states, will have to continue for a few more years, Bajaj said on Wednesday at ...

The collection from the cess goes to a separate corpus -- Compensation fund -- which is used to make up for revenue loss suffered by the state due to the GST rollout. The GST Council has set up a ...

"I urge the GST Council to apply the compensation cess on bidis like other sin goods such as cigarettes and smokeless tobacco products, and also increase the existing compensation cess applied on ...

This as the tax incidence will now be 53% from 43% GST + cess charged earlier. In addition to this the on-road taxes in many States will further take the price of these passenger vehicles even higher.

In this connection, he reiterated the Tamil Nadu government's stance that the Centre should advance funds to the GST Compensation Cess fund and if need be, by borrowing in the market and service ...

Toyota Kirloskar Motor, Mercedes-Benz, Audi and BMW were unanimous that increase in cess on large, luxury cars and SUVs that had become cheaper after GST rollout would dampen the spirits of the ...