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Bills to replace GST compensation cess may be tabled today
December 01, 2025
|Business Standard
Demerit goods to face a new levy to finance national security and public health
To replace the compensation cess (under goods and services tax, or GST) on demerit goods such as cigarettes and pan masala with a levy to finance national security and public health, Union Finance Minister Nirmala Sitharaman is likely to introduce two Bills in the Lok Sabha on Monday, the first day of the winter session of Parliament.
The Centre's move is necessary because the GST compensation cess on such products is ending soon and the GST Council has authorised the finance minister to find a mechanism to tax demerit goods.
هذه القصة من طبعة December 01, 2025 من Business Standard.
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