Cess

The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%

GST council needs to decide on compensation cess by October as loan repayment nears completion

With the GST compensation loan expected to be paid by October, the council will have to take the call on the levy, the legality of which could be called into question once the debt is cleared

Karnataka to collect 5% cess from aggregator platforms like Amazon-Flipkart, Ola-Uber for Gig Workers' Fund: Siddaramaiah

Karnataka CM Siddaramaiah met Congress leader Rahul Gandhi on April 3 in Delhi to discuss the Gig Workers' Bill after reported differences emerged among state ministers.

After bus, metro, milk, and power hikes, Bengalureans now have to pay a garbage fee as well

Bruhat Bengaluru Mahanagara Palike will collect fees alongside property tax for garbage collection from April 1

GST GoM on cess likely to seek extension from Council, examining legal aspects

The GoM was initially scheduled to submit its report by December 31, 2023. However, its deliberations are ongoing, with additional legal and procedural complexities to address.

Karnataka plans 1-2% transaction fee on aggregator platforms like Zomato, Swiggy for gig worker welfare fund

The state cabinet is expected to discuss the Karnataka Platform-based Gig Workers (Social Security and Welfare) Bill on October 28 before tabling it in the winter session of the legislature in December.

Karnataka governor approves bill imposing cess on movie tickets, OTT subscription

 The Karnataka Cine and Cultural Activists (Welfare) Act, 2024, proposes a cess of up to two percent on movie tickets and OTT subscription fees to support cinema and 'cultural artists'.

MoS Finance likely to be convenor of GoM on GST compensation cess

A Group of Ministers will suggest future apportionment of GST compensation cess between Centre and states after loan repayment, set to be completed by early 2026.

GST Council likely to discuss cess, status of rate rationalisation on September 9: FM Sitharaman

In the September 9 meeting, the officers of the GoM (Group of Ministers) on rate rationalisation will give a status report

Evasion of duties and cess will now attract up to 100% penalty plus interest

The amendments to the Finance Bill that now allows for this come after a 2022 Bombay High Court ruling against the tax department saying no interest and penalty can be imposed on demand of additional customs duty.

Mineral royalty revenue jumps 32% for states during FY17 to FY22

Odisha and Chhattisgarh have witnessed a 47% surge in revenues from mining

Karnataka nod to bill for welfare cess on movie tickets, OTT subscriptions but implementation unclear

The Karnataka Cine and Cultural Activists (Welfare) Bill, 2024 proposes a cess of up to 2 percent on movie tickets and OTT subscription fees for the benefit of cinema and 'cultural artists'

Karnataka likely to impose 2 per cent cess on movie tickets, OTT subscription fees

Karnataka Cine and Cultural Activists (Welfare) Bill, 2024 was tabled in the assembly on July 19. The bill proposes the government to establish a fund to benefit cine and cultural activists in the state.

MC Exclusive: Hybrid Cars could see a budget boost with potential cess cut

The proposal, if implemented, will provide a strong boost to sales of hybrid cars in the country, as it will reduce the tax differential between hybrids and electric cars.

Draft gig worker bill: Karnataka likely to impose per transaction fee for welfare fund

The fee will be decided after considering feedback from the aggregators and unions. Officials said the idea is not to control businesses, but to ensure that gig workers are protected.

Karnataka to impose 3% additional cess on newly registered transport vehicles; lifetime tax on EVs above Rs 25 lakh

The cess collected on transport vehicles (yellow board commercial vehicles) will be used for the Karnataka Motor Transport and Other Allied Workers Social Security and Welfare Fund.

Karnataka Budget: State to impose cess on commercial transport vehicles, multi-storied buildings & online deliveries

Cess will be levied on online delivery transactions to fund welfare of gig workers.; tax slabs for Indian Made Liquor (IML) and beer also to be revised

FM is honest and correct, the figures speak for themselves, says NK Singh on Centre versus South

The Chairman of the 15th Finance Commission spoke to Moneycontrol on a range of issues from India’s fiscal commitments to the one nation, one election proposal

Karnataka labour minister proposes 5% cess on vehicles to support informal and gig workers

 Labour minister also said PF fund will be established with cess deducted from companies

Govt exempts LPG imports from agri cess

The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from Friday. The government had in July imposed a 15 per cent agri cess on imports of these goods.

Budget 2023: No word on reduction of cess on crude, removal of windfall tax

The cess reduction is expected to boost the revenue of crude oil exploration and production companies like ONGC and OIL.

In Graphic Detail | Cess and surcharge prop up Centre's fine fiscal balance

'In Graphic Detail' is a special series of data stories covering the Union Budget's key elements over a short and long-term period

Budget 2022: FM Nirmala Sitharaman leaves cess on crude oil unchanged despite industry plea

The industry’s had been requesting for a cut, if not a complete waiver, from the cess. They had argued that this could encourage domestic producers to shore up production, step up exploration and protect margins.

Budget 2022: Thermal power companies eye coal-cess cut, signals on GST for electricity

Power companies are hopeful that the Union Budget will waive or reduce the cess of Rs 400 per tonne of coal used in generating units that meet emission norms.

Cess, surcharge share doubles to 19.9% of central taxes in FY21: Report

Under the existing Finance Commission (FC) framework, the cesses and surcharges collected by the Centre are not part of the tax devolution.