New levy seeks to replace GST compensation cess on tobacco products, pan masala
The government will introduce two bills in the Lok Sabha which are likely to replace the GST compensation cess on tobacco products like cigarettes.
Tag: GST Compensation Cess
An Analysis & Unsung View of Composition Levy under GST
An analysis of Sec. 10 of the CGST Act, 2017 & its related Notifications: –
Notification No. 11/2025-Central Tax (Rate) dated 17.09.2025
CBIC issued Notification no. 11 to 14/2025-Central Tax (Rate) dated 17.09.2025
Refund of Compensation cess cannot be denied on export of products not leviable to Compensation Cess
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.
GST 2.0’s bumpy ride: Stuck with old stock, car dealers face Rs 2,500 crore loss in cess
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
Auto dealers write to PM Modi, push for cess relief before GST 2.0 deadline
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.
Centre may introduce Bill in winter session to replace tobacco GST 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.
Cess credits can’t be used or refunded under current GST law, says Meerut CBIC chief
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.
GST Council raises rate on coal to 18% with removal of compensation cess
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.
No Cess on OEM Inventory Stock Transfers: GST 2.0 Is About Price Reduction
Why was the cess paid initially?