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Jammu and Kashmir has received a total of Rs 14,477.7 crore in GST compensation and related surplus cess distributions since the implementation of the Goods and Services Tax (GST) in 2017-18, the Union Government informed the Lok Sabha on Monday.
The government will introduce two bills in the Lok Sabha which are likely to replace the GST compensation cess on tobacco products like cigarettes.
An analysis of Sec. 10 of the CGST Act, 2017 & its related Notifications: –
CBIC issued Notification no. 11 to 14/2025-Central Tax (Rate) dated 17.09.2025
The Hon’ble Bombay High Court in the case of Sukraft Recycling Private Limited held that unutilized Input Tax Credit (ITC) of compensation cess paid on raw material (coal) used in the manufacture of Kraft Paper exported as a zero-rated supply is refundable.
An empty car showroom with barely any buyers, hassled managers looking to clear the stocks in their inventory, struggling to explain the math behind the car pricing that simply doesn’t align with the rate reductions promised under GST 2.0, at least for now
With less than two weeks to go for the GST 2.0 rates to take effect, the country’s apex automotive dealers’ lobby body has made a desperate appeal to Prime Minister Narendra Modi to help tide over the unaddressed issue of compensation cess.
The Union government is considering introducing a bill during the winter session of Parliament to impose a new levy on tobacco and related products, replacing the existing GST compensation cess, according to a report in the Economic Times.
Automobile dealers could face significant financial losses as the government clarifies that compensation cess credits cannot be transitioned or refunded under the current GST law.
At its 56th meeting, the GST Council announced sweeping rate reductions across a range of goods and services. However, coal stood out as one of the few exceptions.