Tag: GST Compensation Cess

Govt. notifies February 1 as the end of GST compensation cess, start of new tobacco tax regime

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Govt. notifies February 1 as the end of GST compensation cess, start of new tobacco tax regime

The cess was originally introduced for a period of five years to compensate States for any loss arising out of the implementation of GST. File. | Photo Credit: Getty Images/iStockphoto The Ministry of Finance on Thursday (January 1, 2026) issued a series of notifications that would bring into effect the new taxation regime for tobacco products…

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In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April

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In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April

Revenues from domestic transactions grew 13.4%, the Finance Ministry said, while goods imports yielded an 8.3% uptick in the indirect tax collection. File | Photo Credit: K.V.S. Giri Year-end compliances lifted India’s gross Goods and Services Tax (GST) revenues past a record ₹2.1 lakh crore in April, reflecting a 12.4% growth over the previous record…

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