India is considering increasing GST on tobacco products, including cigarettes, after the cessation of the compensation cess in 2026. A proposal to elevate GST to 40% plus additional excise duty ...
Step 5: Add any applicable cess over and above GST on certain goods like aerated ... some may allow selection of ‘import’ or ‘export’ as type of transaction and accordingly calculate ...
In 2018, the GST Council decided to set up a GoM to look into similar demands made by Kerala. The GoM in January 2019 decided to approve the levy of 1 per cent ‘calamity cess’ by Kerala for ...
filter type, and flavor. A Group of Ministers (GoM) on tobacco taxation, previously led by former Odisha Finance Minister Niranjan Pujari, had recommended linking the cess component of GST to a ...
Also, whether it should be on B2B supplies only or B2C supplies only or both.The other members in the GoM include Finance Ministers from Assam Ajanta Neog, Chhattisgarh O P Choudhary, Gujarat Kanubhai ...
The government may soon raise GST on cigarettes and other tobacco products, according to a report by The Economic Times (ET). This change is being considered as the current compensation cess on ...
Separately, GST compensation cess is applicable only on tobacco and tobacco products, aerated drinks and vehicles, etc at varying rates. To detect fake registration, Central and state GST officers ...
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 ...
filter type, and flavor. A ministerial panel within the GST Council, responsible for determining the future of the compensation cess, is expected to review these proposals before submitting its ...
the Integrated GST at ₹90,870 crore, and the compensation cess at ₹13,868 crore in February 2025. Tax Connect Advisory Services LLP Partner Vivek Jalan said this year's GST collection is ...