As India marks eight years since the launch of the Goods and Services Tax (GST), the focus now shifts to a new chapter—GST ...

The Union Budget of 2022 introduced crypto taxation, including a 30% tax on crypto income (Section 115BBH), a 1% TDS on ...

The 56th GST Council meeting is expected to take up key issues including rate rationalisation, compensation cess, and ...

It's been eight years of compensation cess on costly cars, tobacco and fizzy beverages. The Centre is willing to end the cess ...

India taxes crypto gains at 30%, which is just the beginning. Discover how harsh TDS rules and loss restrictions are driving investors offshore.

Maximum GST rate cap may be raised ahead of expiry of compensation cess in April GoM favours merging the levy the compensation with GST rates to leave the tax on high-revenue items unchanged.

Bipin Sapra, Tax Partner at EY India, echoed these concerns. “Replacing one cess with another doesn’t make sense,” he said. Sapra pointed out that the current cess collects significant revenue - ...

The GST Council may replace the existing compensation cess with a Health Cess and a Clean Energy Cess, effective from April 1, 2026. NewsBytes. English. Hindi Tamil Telugu. More. In the news.

The GST Council is likely to consider a major restructuring of the cess regime, with plans to replace the existing compensation cess with two new levies — a Health Cess and a Clean Energy Cess — once ...

Illinois Gov. JB Pritzker signed a $55.1 billion budget, the largest in state history, funded by new taxes and one-time revenues. The budget includes increased spending on social services ...

The Petitioners were issued Show Cause Notice dated 9th December, 2022 by which it was alleged that Petitioner No.1 has short-paid Compensation Cess leviable under the Goods and Services (Compensation ...

Taxes, Brackets and Budgets. By Sarah Slobin and Howard Schneider. June 11, 2025 2:29 PM UTC Updated ago. The proper size and role of the U.S. federal government has ...