Topic: Cess
GST Collections in May 2022
In the month of May 2022, the Goods and Services Tax (GST) revenue stood at around Rs 1.41 lakh crore. This is a 44 percent increase in comparison...
Agricultural Infrastructure and Development Cess
The Finance Minister of India, Nirmala Sitharaman, announced an agricultural infrastructure and development cess (AIDC) on some goods while presenting Union Budget 2021. AIDC was announced to provide...
42nd GST Council Meet held
On October 5, 2020, Finance Minister Smt Nirmala Sitaraman chaired the 42nd GST Council Meet. Key Highlights The GST Council could not finalize borrowing plans of states to...
Nagaland has imposed a COVID-19 Cess on Petroleum
States are starting to target petroleum for revenue. Nagaland recently imposed a cess on petrol and diesel sales. Cess Cess is a type of tax that is charged...
Labour Ministry transfers Cess Funds for the Construction Workers to fight against COVID-19
On March 24, 2020, the Ministry of Labour and Employment transferred funds to the account of construction workers in the backdrop of outbreak of COVID-19. Highlights The Labour...
GST Revenue Collection Report for November 2019
According to a report published by the Ministry of Finance, Gross Goods and Services Tax(GST) revenue collected in November was Rs 1,03,492 crore out of which Central GST...
Cess for Disaster Relief
The rapidly changing climate and the rising temperatures have led to a spate of floods, droughts, and other natural disasters. Not only do the natural disasters cause the...
Budget 2019 : Petrol/Diesel Prices
The Union Budget has made the following changes to its hydrocarbon policy for better revenue realization- The Union Budget 2019 has raised the excise duty and the road...
1 July: GST Day
1st July 2019 is being celebrated as GST (Goods & Services Tax) Day. This year marks the 2nd anniversary of implementation of historic tax reform of Goods &...
