GST compensation cess is a specific tax established within the framework of the Goods and Services Tax (GST) system in India. This tax is levied on select goods to assist states in recouping any ...

Cess applies to everyone who pays income tax, meaning even lower and middle-income taxpayers contribute to specific welfare programmes. For example, if your income tax liability is Rs 1 lakh ...

Finance Bill 2025 introduces tweaks to personal income tax structure, including marginal relief for those earning slightly ...

The compensation cess under the goods and services tax (GST) is likely to be renamed ... However, retaining it by a different moniker would mean more revenue for both the Centre and states.