compensation cess News

India's New GST Rate Cuts Set to Boost Auto Sales, Benefit First-Time Buyers and Middle-Class Families

India's GST Council reduces vehicle tax rates to 5% and 18%, benefiting first-time buyers and middle-income families. Industry leaders welcome the move but seek clarity on compensa...

New Cess on Sin Goods: Potential 35% Tax Hike Looms

The Indian government is considering a new 35% special rate of GST on sin goods, such as tobacco, cigarettes, and soft drinks, as a starting point for the post-compensation cess er...