News

The Supreme Court is allowing state governments to levy an entertainment tax on DTH services despite the GST tax, making way ...
College football's spring transfer portal window officially opened on Wednesday, April 16 and it won't close until Friday, April 25. New NCAA rules enforce a 105-player roster limit, so teams ...
The Goods and Services Tax (GST) collections have made a significant contribution ... This allows businesses to voluntarily revise entries concerning material facts after the clearance of goods, ...
Additionally, the social welfare surcharge has been exempted on 82 tariff lines that are subject to cess. To improve healthcare affordability ... they can self-correct the entries, pay the required ...
As the extended deadline of March 31, 2026 for the expiry of GST compensation approaches, reports indicate that the Group of Ministers (GoM) is considering the possibility of merging the cess with ...
Rating agency Icra has said that goods and services tax (GST) compensation cess would need to be re-purposed after March 2026 and energy transition or bringing petroleum, oil and lubricants (POL ...
to decide the future of the GST compensation cess, data show that the tax component contributes substantially to the government coffers and merits continuation in new form once its levy ends in ...
In order to achieve that, Pai suggested a reduction of taxes and said, "Pl reduce GST Cess on SUV to expand the market". This becomes a crucial demand as the coveted sport utility vehicles or SUVs ...
The Goods and Services Tax (GST) compensation cess levied on products such as automobiles, liquor, cigarettes, aerated water and coal could end earlier than the March 31, 2026 deadline on the back ...
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 ...
Within this framework, there exists a mechanism known as GST cess. Moneycontrol examines the need and impact of GST cess. The cess is an additional levy imposed on certain goods and services over ...
The goods and services tax (GST) compensation cess expiring in March 2026 or before may be replaced with a new levy, if the GST Council feels more revenue is needed, two officials aware of ...