Cess: Latest News and Updates, Top Stories, Videos, Photos About Cess

Government, States To See Rs. 2 Lakh Crore GST Cess Gap Owing To Second Covid 19 Wave

Amid the second raging Covid 19 wave, the GST collection is estimated to be lower than the Rs. 1 trillion or Rs. 1 lakh crore figure for the first time in 9 month in June. For the April month, GST collection ...

What is the Difference Between Cess and Surcharge?

The Union Government levy a variety of levies such as tax, fee, cess, and surcharge to collect revenue. When you make most of the payment you would have noticed. The cess tax is a powerful instrument in the hands of taxpayers ...

GST Evasion: DGGI Recovers Rs 74.86 Crore From Tobacco Manufacturer

The Directorate General of GST Intelligence (DGGI) has recovered Rs 74.86 crore from a prominent tobacco producer in Maharashtra's Ahmednagar district as part of a crackdown on large-scale tax evasion. Unmanufactured tobacco is subject to the highest GST limit, which is ...

Why Govt. May Announce Covid 19 Cess In Union Budget 2021?

Experts are of the view that government in Union Budget 2021 may announce coronavirus cess or surcharge on individual taxpayers. As it is the budget that is scheduled to be announced few hours from now is cited as the most crucial ...

Union Budget 2020: Tax Related Changes Made In Budget 2019

Before actually knowing what the Budget 2020 offers for us on taxation, here is a quick look on what the previous full budget presented on July 5, 2019 by Finance Minister Nirmala Sitharaman brought for us: No change in the ...

GST Council Meet Today To Reduce Tax Rate

Given the aggressive take on the NDA-Congress on indirect tax implementation, the GST Council's 31st meeting today will decide on reducing rates on some of the most common products. Some of the items that can see a rate cut will be ...

To Support Kerala Crisis FM Proposes Cess On Some Goods Under GST

As per a state minister's statement in a PTI report, FM Jaitley has proposed the levy of cess on some of the goods under the indirect GST regime to support flood-hit Kerala state. In a tweet, Kerala Finance Minister Thomas ...

Budget 2018 Proposals That Will Apply From April 1

While income tax slabs and rates were kept unchanged in the Budget 2018 announced on February 1, there are several proposals that will come into effect from April 1. 1. Standard deduction for salaried class: A standard deduction of ...

What Is The Difference Between Tax And Cess?

Often the terms tax and cess come across and as a lay-men there can be a case to understand the similarity and the difference between the two, so here is made a simple attempt to make you understand the two 'tax' ...

From April 1, Tax Changes That Will Impact Your Income Stream

In the Union Budget some of the tax changes proposed if they are passed through will either turn positive , negative or neutral for taxpayers. So, before the law actually gets implemented its better you make note of to better understand ...

Used Or Pre-Owned Cars To Cost Significantly Less After GST Rate Revision

Of the so many goods and services on which the GST Council revised their rates lower are included one category of product ie. Used or pre-owned car that by chance can be your next hunt. So to your relief, with effect ...

Auto Industry Seeks Two Rates Under GST For Passenger Vehicles

The auto-industry body Society of Indian Automobile Manufacturers (SIAM) is seeking two rates under the GST regime as against multiple rates being levied currently on passenger vehicles. For the upcoming Union Budget 2018-19, the industry body said, "The automotive industry has ...

Cess News