Compensation cess has, in its previous avatars, been imposed on luxury, sin, and demerit goods while charging different rates and in addition to the existing 28 per cent GST.

These items are classified as demerit products due to their adverse effects on health. The 35% rate falls within the higher bracket of GST, aligning with the government's objective of discouraging ...

The proposed hike in GST for demerit goods has impacted several stocks tied to these industries. Meanwhile, insurance stocks saw positive movement amid expectations of tax cuts on insurance premiums.

New Delhi: The Goods and Services Tax (GST) Council has set up a 10-member GoM, chaired by Minister of State for Finance Pankaj Chaudhary, to decide on the taxation of luxury, sin and demerit ...

Group of Ministers set up to decide future of GST compensation cess on luxury, sin and demerit goods The panel, chaired by minister of state for finance Pankaj Chaudhary, will submit its report by ...

** Goods and Services Tax (GST) council on Thursday set a cap on cess to be imposed on luxury, sin and demerit goods - reports bit.ly/2nxRedq ** In case of cigarettes and chewing tobacco, cess ...