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New tax coming for demerit goods like cigarettes and not for essential goods: FM Sitharaman
Finance Minister Nirmala Sitharaman said the new Health and National Security Cess will primarily focus on demerit goods, ...
Union finance minister Nirmala Sitharaman on Thursday said that proposed health and national security cess will be levied ...
The Rajya Sabha passed a bill imposing a new cess on pan masala and tobacco to fund national and health security. The bill replaces the phasing-out GST compensation cess, with the revenue supporting ...
Union Finance Minister Nirmala Sitharaman said Thursday that the proposed Health and National Security Cess will be levied ...
In the context of a re-examination of the conceptual and political foundations of merit/demerit goods, this paper attempts to identify how far they might take us in understanding, explaining, and ...
Group of Ministers set up to decide future of GST compensation cess on luxury, sin and demerit goods
The Goods and Services Tax (GST) Council has formed a 10-member panel on taxing luxury, sin and demerit goods once compensation cess ends in March 2026. The panel, chaired by minister of state for ...
Amid concerns by the opposition, Finance Minister Nirmala Sitharaman moved the Health Security and National Security Cess ...
The GoM panel in its first meeting earlier this month discussed treatment of GST compensation cess post-March 2026, when the current regime ends. The panel debated extending the cess as a levy or tax ...
A new cess on demerit goods like pan masala is proposed to fund health and national security. The cess, over and above GST, ...
The Group of Ministers (GoM) has proposed significant GST rate changes across 148 items, including tobacco, aerated beverages, health insurance, and garments. Ahead of the 55th GST Council meeting set ...
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