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 and Services Tax regime as decided by the ...
The Goods and Services Tax (GST) cess may continue, until January 2026 for tobacco and related products, until outstanding compensation-related loans are cleared, as against the earlier projection of ...
This is a great policy initiative taken by the Lok Sabha with the introduction of the new bill known as the Health Security Cess Bill to curb the high consumption of pan masala, gutka, and tobacco ...
Story so far: Finance Minister Nirmala Sitharaman introduced the Health Security se National Security Cess Bill, 2025 on Thursday (December 4, 2025), kicking off the Centre’s reform agenda for ...
Finance Ministry on Wednesday notified February 1 as the appointed date for implementation of the Health Security se National Security Cess Act and the Central Excise (Amendment) Act. These two acts ...
NEW DELHI: With the beginning of the Winter Session of Parliament on Monday, the government is set to table two key bills in the Lok Sabha proposing an excise duty on sin goods, like tobacco and ...
The Central Excise (Amendment) Bill, 2025, will replace the GST compensation cess, which is currently levied on all tobacco products like cigarette, chewing tobacco, cigars, hookahs, zarda, and ...
The new levies will replace the existing structure of 28% GST plus compensation cess that has applied to cigarettes and tobacco products for nearly nine years. With the GST compensation cess set to ...
As Finance Minister Nirmala Sitharaman on Monday introduced two Bills in the Lok Sabha to tax ‘sin’ goods, businesses will once again have to recalibrate their pricing models and compliance frameworks ...
The Union government on Monday (December 1, 2025) introduced a Bill in Parliament seeking to raise the excise duty on tobacco products, and another legislation targeting the manufacture of pan masala.
The government plans to introduce a new cess on tobacco and pan masala products. This move aims to prevent price drops after the GST compensation cess is phased out, ensuring these 'sin goods' remain ...
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