Cess: Cess applies to everyone who pays income tax, meaning even lower and middle-income taxpayers contribute to specific welfare programmes. For example, if your income tax liability is Rs 1 lakh ...

The compensation cess currently being collected under the Goods and Services Tax (GST) framework may either be absorbed into ...

The issue is expected to be reviewed soon by the Group of Ministers on Compensation Cess, chaired by Minister of State for Finance Pankaj Chaudhary.

The divisible pool of taxes has shrunk, and the share of southern States in it has also dwindled further. May 13, 2025 e-Paper. LOGIN Account. eBooks Subscribe GIFT FRONT PAGE. ... Usage of cess.

Kolkata ITAT dismisses revenue's appeal against education cess deduction for AVR Storage Tank Terminals. Previous ITAT order set aside the CIT(A) decision, rendering current appeal ...

In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28 per cent tax. NEW DELHI: The group of ministers (GoM) on GST compensation cess ...

With the cess ending in March 2026, states propose merging it with taxes. Further discussions will continue in November, with a final report due by December 31.