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GST Compensation

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49th GST Council Meeting: From Compensation Cess to Rate Rationalization

Goods and Services Tax : The 49th GST Council Meeting took decisions on GST Compensation, Taxation, and Special Composition Scheme. Read an overview of the...

February 20, 2023 7137 Views 0 comment Print

Extension of GST Compensation Cess levy till 31.03.2026

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....

June 25, 2022 2154 Views 0 comment Print

Changes in Compensation Cess Rate on supply of certain goods from 01.01.2022

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...

December 30, 2021 2463 Views 0 comment Print

Industry Wise analysis of GST Rate Notifications applicable from 01.10.2021

Goods and Services Tax : INDUSTRY WISE ANALYSIS OF GST RATE NOTIFICATIONS APPLICABLE FROM 1ST OCTOBER 2021 Notification No. 06/2021 – Central Tax (Ra...

October 2, 2021 9786 Views 0 comment Print

Exhaustive Analysis of GST Notifications issued by CBIC on 30.09.2021

Goods and Services Tax : To give effect to Recommendation of 45th GST Council meeting CBIC has issued 22 GST Rate Notifications on 30.09.2021. Notification...

October 2, 2021 34248 Views 1 comment Print


Latest News


States requested for extension of payment of GST compensation Cess

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...

December 22, 2022 1200 Views 0 comment Print

Details of GST Compensation released to States/UTs for a period of 5 years

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...

July 20, 2022 1404 Views 0 comment Print

Centre Clears Entire GST Compensation Due till 31ST May, 2022

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...

June 1, 2022 855 Views 0 comment Print

Status Note on GST compensation released to States/UTs

Goods and Services Tax : ₹ 2.78 lakh crore of compensation released to States for the year 2020-21 itself ; nothing is pending for the year Centre releas...

April 29, 2022 1032 Views 0 comment Print

No Discrepancies in payment of GST to States

Goods and Services Tax : Final GST Compensation due to States is calculated on the basis of the revenue figures certified by the Accountant General of the ...

April 7, 2022 1719 Views 0 comment Print


Latest Judiciary


Goods subject to nil Cess rate would be construed as exempt supplies to calculate adjusted total turnover

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...

June 23, 2022 885 Views 0 comment Print

GST Compensation Cess on Coal and Coal rejects

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...

May 25, 2021 13689 Views 0 comment Print

Compliance of GST (Compensation to States) Act, 2017 is Not Mandatory

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...

October 28, 2020 1041 Views 0 comment Print


Latest Notifications


GST Compensation Cess Rate Changes in Tobacco Products & Pan Masala

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...

July 26, 2023 15540 Views 0 comment Print

Circular No. 16/2023-Customs: Pre-import Condition & Implications on IGST & Compensation Cess

Custom Duty : Analysis of Circular No. 16/2023 -Cus on Supreme Court's judgment on 'pre-import condition' and its implications on IGST & Compens...

June 7, 2023 5043 Views 0 comment Print

Changes in GST Compensation Cess Rate wef 01.04.2023

Goods and Services Tax : CBIC further amend notification No. 1/2017-Compensation Cess (Rate), dated 28th June, 2017 vide Notification No. 2/2023-Compensati...

March 31, 2023 32481 Views 1 comment Print

GST Compensation Cess: Section 163 of Finance Act 2023 applicable wef 01.04.2023

Goods and Services Tax : Central Government appoints 1st day of April, 2023, as the date on which provisions of section 163 of Finance Act, 2023 shall come...

March 31, 2023 6579 Views 0 comment Print

GST compensation cess rate on Coal rejects supplied to or by a coal washery

Goods and Services Tax : Coal rejects supplied to a coal washery or by a coal washery, arising out of coal on which compensation cess has been paid and inp...

February 28, 2023 3654 Views 0 comment Print


Latest Posts in GST Compensation

GST Compensation Cess Rate Changes in Tobacco Products & Pan Masala

July 26, 2023 15540 Views 0 comment Print

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)

Circular No. 16/2023-Customs: Pre-import Condition & Implications on IGST & Compensation Cess

June 7, 2023 5043 Views 0 comment Print

Analysis of Circular No. 16/2023 -Cus on Supreme Court’s judgment on ‘pre-import condition’ and its implications on IGST & Compensation Cess

Changes in GST Compensation Cess Rate wef 01.04.2023

March 31, 2023 32481 Views 1 comment Print

CBIC further amend notification No. 1/2017-Compensation Cess (Rate), dated 28th June, 2017 vide Notification No. 2/2023-Compensation Cess (Rate) | Dated: 31st March, 2023 to notifies Changes in GST Compensation Cess Rate wef 01.04.2023 MINISTRY OF FINANCE (Department of Revenue) Notification No. 2/2023-Compensation Cess (Rate) | Dated: 31st March, 2023 G.S.R. 253(E).—In exercise of the powers […]

GST Compensation Cess: Section 163 of Finance Act 2023 applicable wef 01.04.2023

March 31, 2023 6579 Views 0 comment Print

Central Government appoints 1st day of April, 2023, as the date on which provisions of section 163 of Finance Act, 2023 shall come into force vide Notification No. 01/2023-Compensation Cess – Dated: 31st March, 2023. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi Notification No. 01/2023-Compensation Cess – Dated: 31st March, 2023 S.O. 1566(E).— In […]

GST compensation cess rate on Coal rejects supplied to or by a coal washery

February 28, 2023 3654 Views 0 comment Print

Coal rejects supplied to a coal washery or by a coal washery, arising out of coal on which compensation cess has been paid and input tax credit thereof has not been availed by any person

49th GST Council Meeting: From Compensation Cess to Rate Rationalization

February 20, 2023 7137 Views 0 comment Print

The 49th GST Council Meeting took decisions on GST Compensation, Taxation, and Special Composition Scheme. Read an overview of the proposed changes on our blog!

States requested for extension of payment of GST compensation Cess

December 22, 2022 1200 Views 0 comment Print

Few States have requested for extension of payment of GST compensation beyond transition period of five years. As per Section 18 of the Constitution (One Hundred and First Amendment) Act, 2016

Details of GST Compensation released to States/UTs for a period of 5 years

July 20, 2022 1404 Views 0 comment Print

GST compensation to States for loss of revenue arising on account of implementation of GST for a period of five years As per section 18 of the Constitution (One Hundred and First Amendment) Act, 2016, Parliament shall, by law, on the recommendation of the Goods and Services Tax Council, provide for compensation to the States […]

Extension of GST Compensation Cess levy till 31.03.2026

June 25, 2022 2154 Views 0 comment Print

Government extends GST Compensation Cess levy till 31.03.2026. Learn about the implications and new rules in this important move.

GST Compensation Cess levy extended till 31/03/2026

June 24, 2022 15963 Views 0 comment Print

As expected Govt extended GST Compensation Cess levy extended till 31/03/2026 which was coming to an end on 30th June 2022. Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022 | Notification No. 1/2022–Compensation Cess | Dated: 24th June, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 1/2022–Compensation […]

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