State governments have told the Center that they are in favor of merging the compensation cess into the highest Goods and Services Tax (GST) slab of 28 per cent when the existing system of compensation cess ends after March 2026. The first meeting of the Group of Ministers on GST Compensation Cess under the chairmanship of Union Minister of State for Finance Pankaj Chaudhary […]
Compensation cess: Proposal to merge compensation cess in 28% GST slab, states do not want change in the list of luxury items.
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