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Centre to move Central Excise (Amendment) Bill for consideration in Parlia
Updated : 6 months, 1 week ago IST
Following the introduction of GST in 2017, the Centre had decreased central excise duties on tobacco and tobacco products to allow for the levy of compensation cess in GST without large impact on tax incidence. This bill seeks to amend the central excise rates, as the cess will be discont
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GST Council extends levy of compensation cess beyond 5 years
Updated : 5 years, 8 months ago IST
New Delhi [India], October 5 (ANI): The GST Council at its 42nd meeting on Monday decided to extend the levy of compensation cess beyond the transition period of five years for such period as may be required to meet the revenue gap.
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