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Searched Tag: cess

Chief Minister Sukhvinder Singh Sukhu defended the decision, stating that the cess is intended to fund welfare initiatives for orphans and widows

Cess on petrol, diesel: HP Assembly passes Bill

March 24, 2026, 03:23 PM - 3 min read

The Himachal Pradesh Assembly passed an amendment to the Value Added Tax (VAT) Act, allowing the state government to impose a cess of up to ₹5 per litre on petrol and diesel, a move that sparked intense debate between the ruling side and the Opposition in Shimla on Tuesday.

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The new levies on tobacco and pan masala will be over and above the GST rate, and will replace the compensation cess which is currently being levied on them

New levies on tobacco, pan masala to be effective Feb 1

January 1, 2026, 08:52 AM - 2 min read

The new levies on tobacco and pan masala will be over and above the GST rate, and will replace the compensation cess which is currently being levied on such sin goods

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Surcharges are levied on corporate tax, income tax, and social welfare surcharge under Customs

Centre aims to collect over ₹4.18 lakh crore from cess in FY26

July 29, 2025, 05:26 PM - 2 min read

The Minister of State for Finance, Pankaj Chaudhary, said the proceeds of surcharges and cess go toward meeting certain specific needs such as financing of Centrally-Sponsored Schemes

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