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GST Compensation

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GST Compensation Cess: Analysing Compensation to States

Goods and Services Tax : Understand implications of extension of GST Compensation Cess period till 2026 and its impact on state revenues. Analyze distribut...

April 24, 2024 1677 Views 0 comment Print

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 7179 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 2223 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 2505 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 9876 Views 0 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 1224 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 1503 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 891 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 1080 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 1752 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 897 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 13998 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 1056 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 16875 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 5574 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 33216 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 6681 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 3789 Views 0 comment Print


GST compensation shortfall- 10th Instalment of Rs. 6,000 crore released

January 5, 2021 327 Views 0 comment Print

10th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of Rs.60,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States

9th Instalment of Rs.6,000 crore released to States

December 28, 2020 408 Views 0 comment Print

9th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of Rs.54,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 lakh crore granted to the States

7th Instalment of Rs. 6000 crore released to States to meet GST compensation shortfall

December 14, 2020 450 Views 0 comment Print

7th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of Rs.42,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 granted to the States.

GST compensation shortfall – 6th Instalment of Rs.6000 crore released

December 9, 2020 354 Views 0 comment Print

The Ministry of Finance has released the weekly instalment of Rs. 6,000 crore to the States to meet the GST compensation shortfall.  Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States

All States choose Option-1 to meet GST implementation shortfall

December 5, 2020 711 Views 0 comment Print

Jharkhand has become the latest State to go for Option-1. Jharkhand will get Rs. 1,689 crore through special borrowing window to meet the GST implementation shortfall. Permission to raise additional Rs. 1,765 crore through borrowings also issued to Jharkhand

All States except Jharkhand choose Option-1 to meet GST implementation shortfall

December 3, 2020 501 Views 0 comment Print

Government of Chhattisgarh has communicated its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have favoured Option-1 has gone up to 27. All States except Jharkhand and all the 3 Union Territories with Legislative Assembly have decided in favour of Option-1.

Punjab chooses Option-1 to meet the GST implementation shortfall

November 28, 2020 366 Views 0 comment Print

Governments of Punjab has communicated acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have chosen this option has gone up to 26. All the 3 Union Territories with Legislative Assembly (i.e. Delhi, Jammu & Kashmir and Puducherry) have also decided in favour of Option-1.

Kerala & West Bengal also chooses Option-1 to meet GST implementation shortfall

November 25, 2020 543 Views 0 comment Print

Governments of Kerala and West Bengal have communicated their acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation.  The number of States who have chosen this option has gone up to 25. All the 3 Union Territories with Legislative Assembly (i.e. Delhi, Jammu & Kashmir and Puducherry) have also decided in favour of Option-1.

Telangana opts Option-1 to meet GST implementation shortfall

November 17, 2020 417 Views 0 comment Print

The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation.  The State has now joined 22 other States and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) who have opted for Option-1. 

Rajasthan opts Option-1 to meet GST implementation shortfall

November 5, 2020 525 Views 0 comment Print

The Government of Rajasthan has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation.  The State has now joined 21 other States and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) who have opted for Option-1. 

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