News

As India marks eight years since the launch of the Goods and Services Tax (GST), the focus now shifts to a new chapter—GST ...
Owning a basic car, such as the Alto, is a cherished goal for India’s middle class, but high taxes often turn it into a ...
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.
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 - ...
BJP accused the ruling Congress of imposing hefty taxes on citizens to replenish the coffers. Toggle navigation. MAGAZINE The Week HEALTH Subscribe HOME INDIA WORLD ... The hike in SWM cess is between ...
Health & education cess: 4% of (Income tax+surcharge) Note: Rebate under Section 87A- A resident individual whose total income is not more than Rs 7 lakh is eligible for a rebate of 100% of income tax ...
The Kargil Cess also underscored the importance of parliamentary oversight in authorising special taxes. The enabling law that specified the purpose of the cess ensured that the funds raised would ...
From fiscal 2018-19 to 2022-23, Karnataka raised its GST and cess revenue by 55.92 per cent, Tamil Nadu’s by 47.98 per cent, Andhra Pradesh’s by 58.78 per cent, Kerala’s by 67.42 per cent ...
GST on cars is levied at flat 28 Percent with varying CESS Rates (Note: EV's are taxed at 5 percent) Why the Compensation CESS? The rationale behind the Compensation CESS was to give relief to the ...
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.