Page-2 of Cess Current Affairs, GK & News

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 loss of life and limb, but cause loss of public and private property, damage the economic potential of the region, cause a drag on the economy of ..

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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 & infrastructure cess on the auto fuel by Rs 2 each. This will raise an additional Rs 28,000 crores for the Indian government. The Import of petrol ..

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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 & Services Tax. Background First GST Day was celebrated on 1 July 2018, as to mark the first anniversary of new indirect tax regime i.e. Goods and Services ..

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GST collection increases to one lakh crore in January

The data from the Ministry of Finance shows that goods and services tax collections stood at Rs. 1,02,503 crore in the month of January. Of the Rs. 1,02,503 crore GST revenue, Central GST is Rs 17,763 crore, State GST (SGST) is Rs 24,826 crore, Integrated GST (IGST) is Rs 51,225 crore (including Rs. 24,065 crore collected on imports) and Cess ..

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Madhyamik and Uchchtar Shiksha Kosh (MUSK)

Madhyamik and Uchchtar Shiksha Kosh. Approval has been accorded by the Union Cabinet for the creation of Madhyamik and Uchchtar Shiksha Kosh (MUSK) a non-lapsable pool in the Public Account for secondary and higher education. The corpus will have all the proceeds from the 1% cess collected by the government under the ‘secondary and higher education cess’. ..

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