What is Cess

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

As on March 31, only Rs 64,193 crore was spent on workers' welfare, while Rs 47,800 crore remained unutilised

Cites fiscal federalism to highlight power of states to tax

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

Imports were the only exception in the otherwise strong GST numbers in the first three months of the current financial year

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

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

CBDT tells I-T officials to nudge entities; move could help garner over Rs 5,000 cr

Experts say finance commission needs to provide clarity on whether cess should be shared with states

States have been concerned about increasing cases of Centre imposing cesses for garnering additional revenue

I suggest you claim refund of CVD, SAD and cess paid towards regularisation of the default under advance authorisation

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

The metro cess is intended to fund transport infrastrucuture projects in these 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

Move might impact farmers' realisation when kharif harvest is on, say industry players

Liquor prices in Uttar Pradesh have increased after the state government imposed a 'corona cess' from Tuesday

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

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

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

The government has introduced the Agriculture Infrastructure and Development Cess that will be levied on select imported goods and petroleum products