The compensation cess under the goods and services tax (GST) is likely to be renamed but is expected to continue beyond its schedule sunset of March 2026. According to two sources, there is ...

Bombay High Court held that registered person making a zero rated supply under LUT may claim refund of unutilized credit including that of Compensation Cess. Accordingly, refund of compensation cess ...

Congress calls for a comprehensive and simplified GST 2.0 as Finance Minister hints at further rate reductions.

In response to Finance Minister Sitharaman's announcement of impending GST rate reductions, the Congress stresses the ...

New Delhi, Dec 4 () The GST Council meeting scheduled to be held on December 18 is likely to deliberate on raising cess on some more products to meet the growing need of compensation among other ...

Govt notifies GST compensation cess extension until March 2026 The imposition of GST compensation cess on certain goods and services had already been extended until March 2026 to make up for the ...

Jairam Ramesh emphasized that 2024 presents the right moment for GST 2.0, as the GST compensation cess is expected to meet ...

Congress general secretary in-charge communications Jairam Ramesh said his party had envisaged a GST 2.0 -- a truly Good and ...

Integrated GST at Rs 90,870 crore and compensation cess of Rs 13,868 crore. Total refunds issued during February were Rs 20,889 crore, a 17.3 percent increase over the year-ago period.

Seamless reading experience. Save your favourite. A slowdown in the economy since last fiscal has resulted in a drop in GST collections, upsetting the budgets of states which had given up their ...