 "What is Cess")
Cess
What is Cess
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Latest Updates on Cess
Need to simplify goods and services tax, reduce cess: Ex-CEA Subramanian
Talking about other challenges, he said, some people have pointed out to me that the goods and services tax (GST) has encouraged excessive tax demands
 "Need to simplify goods and services tax, reduce cess: Ex-CEA Subramanian")
Nearly 50% of construction workers' welfare cess funds unutilised
As on March 31, only Rs 64,193 crore was spent on workers' welfare, while Rs 47,800 crore remained unutilised
 "Nearly 50% of construction workers' welfare cess funds unutilised")
Royalty is not tax: Supreme Court allows states to levy minerals cess
Cites fiscal federalism to highlight power of states to tax
 "Royalty is not tax: Supreme Court allows states to levy minerals cess")
Public health groups urge GST Council to raise cess on tobacco products
Public health groups along with doctors and economists have urged the GST Council to increase compensation cess on all tobacco products in order to generate additional revenue for the govt
 "Public health groups urge GST Council to raise cess on tobacco products")
Falling inbound shipments cast a shadow on IGST and cess on imports
Imports were the only exception in the otherwise strong GST numbers in the first three months of the current financial year
 "Falling inbound shipments cast a shadow on IGST and cess on imports")
CBIC circular on pre-import violation cases
The circular is useful because it applies not only to the parties who litigated on the pre-import issue but also to those who did not do so
 "CBIC circular on pre-import violation cases")
Cess, surcharge collections increase by 133% between FY'18 and FY'23
There has been a rise of 133 per cent in collection of major cess and surcharges levied by the Centre during the five year period between 2017-18 and 2022-23, as it went up to Rs 5,10,549 crore
 "Cess, surcharge collections increase by 133% between FY'18 and FY'23")
Taxing times: Businesses face tax heat over deductions claimed for cess
CBDT tells I-T officials to nudge entities; move could help garner over Rs 5,000 cr
 "Taxing times: Businesses face tax heat over deductions claimed for cess")
Centre's share of cess and surcharges nearly double in three years
Experts say finance commission needs to provide clarity on whether cess should be shared with states
Contribution of cesses to central govt's tax kitty doubles to over 18%
States have been concerned about increasing cases of Centre imposing cesses for garnering additional revenue
 "Contribution of cesses to central govt's tax kitty doubles to over 18%")
SME Chatroom: Tribunal allows refund of CVD, special additional duty & cess
I suggest you claim refund of CVD, SAD and cess paid towards regularisation of the default under advance authorisation
 "SME Chatroom: Tribunal allows refund of CVD, special additional duty & cess")
Govt's move to tax fuel export will impact policy change in energy sector
The export tax on fuels and cess on domestic crude oil production are likely to add to the climate of policy uncertainty in the energy sector
 "Govt's move to tax fuel export will impact policy change in energy sector")
Metro cess back on property registrations in Mumbai, 3 Maharashtra cities
The metro cess is intended to fund transport infrastrucuture projects in these cities
 "Metro cess back on property registrations in Mumbai, 3 Maharashtra cities")
What are surcharges and cesses, and how do they differ?
Govt takes its cut from the profit you earned in the markets in form of taxes. But did you know that the government also charges tax on tax? They are called cess and surcharge. Find out about them
 "What are surcharges and cesses, and how do they differ?")
Govt scraps basic customs duty, cuts cess on crude palm, soy, sunflower oil
Move might impact farmers' realisation when kharif harvest is on, say industry players
 "Govt scraps basic customs duty, cuts cess on crude palm, soy, sunflower oil")
Liquor prices in UP increase with 'corona cess'
Liquor prices in Uttar Pradesh have increased after the state government imposed a 'corona cess' from Tuesday
 "Liquor prices in UP increase with 'corona cess'")
Cess, surcharge share doubles to 19.9% of central taxes in FY21: Report
The share of cesses and surcharges in the gross tax revenue of the Centre has nearly doubled to 19.9 per cent in 2020-21 from 10.4 per cent in 2011-12
 "Cess, surcharge share doubles to 19.9% of central taxes in FY21: Report")
Understanding the zero-sum game of the new agriculture infra cess
While the FM has ostensibly got her act right on imposing the levy without punishing the consumer, questions about the share of states, the rate structure and the use of funds remain
 "Understanding the zero-sum game of the new agriculture infra cess")
There is no provision to take credit of the agriculture infra cess: Expert
This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and in any case
 "There is no provision to take credit of the agriculture infra cess: Expert")
Exporters shouldn't rely much on subsidies from govt
The government has introduced the Agriculture Infrastructure and Development Cess that will be levied on select imported goods and petroleum products
