Goods and Services Tax : The case examines whether stranded compensation cess credit due to GST reform must be refunded or lapsed, impacting working capita...
Goods and Services Tax : Understand implications of extension of GST Compensation Cess period till 2026 and its impact on state revenues. Analyze distribut...
Goods and Services Tax : The 49th GST Council Meeting took decisions on GST Compensation, Taxation, and Special Composition Scheme. Read an overview of the...
Goods and Services Tax : Government extends GST Compensation Cess levy till 31.03.2026. Learn about the implications and new rules in this important move....
Goods and Services Tax : Changes in Compensation Cess Rate Notification w.r.t. supply of certain goods from January 01, 2022 to align it with HS 2022 Backg...
Goods and Services Tax : The Centre has released all provisional GST compensation for FY 2017-22, with Arunachal Pradesh and Manipur awaiting AG-certified ...
Goods and Services Tax : Explains that GST compensation ended in June 2022 because the Constitution restricted it to a five-year period. The key takeaway i...
Goods and Services Tax : Few States have requested for extension of payment of GST compensation beyond transition period of five years. As per Section 18 o...
Goods and Services Tax : GST compensation to States for loss of revenue arising on account of implementation of GST for a period of five years As per secti...
Goods and Services Tax : Goods and Services Tax was introduced in the country w.e.f. 1st July, 2017 and States were assured for compensation for loss of a...
Goods and Services Tax : Bombay High Court ruled that a manufacturer can claim a refund of compensation cess on raw materials used for goods that are later...
Goods and Services Tax : Goods which are subject to nil rate of cess would be construed as exempt supplies for purposes of formula prescribed Rule 89 (4) o...
Goods and Services Tax : In re Parse Kente Collieries Limited (GST AAR Chhattisgarh) i. Compensation Cess is leviable on the total quantity of raw coal rai...
Goods and Services Tax : G. Sundarrajan Vs Union of India (Madras High Court) The issue under consideration is whether compliance of Goods and Services Tax...
Goods and Services Tax : The notification replaces cess rates with “Nil” across extensive Schedule entries. The key takeaway is the effective withdrawa...
Goods and Services Tax : The Ministry of Finance has reduced the Compensation Cess rate to Nil for several items, effective September 22, 2025, per a new n...
Goods and Services Tax : CBIC exempt Compensation cess on supply of aerated beverages and energy drinks to authorised customers by Unit Run Canteens under ...
Custom Duty : Read Notification No. 27/2024-Customs dated 12th July, 2024, exempting SEZ imports from CGST compensation cess under Customs Tarif...
Goods and Services Tax : CBIC notifies rate changes in Compensation Cess for Pan Masala and Tobacco Products as per 50th GST Council Meeting vide Notificat...
The case examines whether stranded compensation cess credit due to GST reform must be refunded or lapsed, impacting working capital across industries.
The notification replaces cess rates with “Nil” across extensive Schedule entries. The key takeaway is the effective withdrawal of Compensation Cess on the listed goods starting 1 February 2026.
The Centre has released all provisional GST compensation for FY 2017-22, with Arunachal Pradesh and Manipur awaiting AG-certified final figures. Timely payment ensures states receive full compensation once reconciliation is completed
Explains that GST compensation ended in June 2022 because the Constitution restricted it to a five-year period. The key takeaway is that no extension or further payout is legally required.
The Ministry of Finance has reduced the Compensation Cess rate to Nil for several items, effective September 22, 2025, per a new notification.
Bombay High Court ruled that a manufacturer can claim a refund of compensation cess on raw materials used for goods that are later exported.
CBIC exempt Compensation cess on supply of aerated beverages and energy drinks to authorised customers by Unit Run Canteens under Ministry of Defence vide Notification No. 01/2024-Compensation Cess (Rate) | Dated: 12th July, 2024 as per Recommendations of 53rd GST Council Meeting
Read Notification No. 27/2024-Customs dated 12th July, 2024, exempting SEZ imports from CGST compensation cess under Customs Tariff Act. Effective from 15th July, 2024.
Understand implications of extension of GST Compensation Cess period till 2026 and its impact on state revenues. Analyze distribution disparities and proposed solutions.
CBIC notifies rate changes in Compensation Cess for Pan Masala and Tobacco Products as per 50th GST Council Meeting vide Notification No. 3/2023-Compensation Cess (Rate)
