"compensation cess"

#13050456

2 December 2025

A man smokes a cigarette along a street in Srinagar, Jammu and Kashmir, on December 2, 2025. Smoking in public places in India is banned on October 2, 2008, under the Prohibition of Smoking in Public Places Rules, 2008, and the Cigarettes and Other Tobacco Products Act (COTPA). India is the world's second-largest producer and consumer of tobacco behind China. Meanwhile, India unveils two new tax bills in parliament on Monday, aiming to overhaul levies on ''sin goods'' such as tobacco, a spice mix known as pan masala, and other items, ahead of next year's phase-out of a Goods and Services Tax (GST) compensation cess.

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#12732661

8 September 2025

Air conditioner machines are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, union finance minister Nirmala Sitharaman says, ''We have reduced the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

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#12732673

8 September 2025

Refrigerators are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, union finance minister Nirmala Sitharaman says, ''We have reduced the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

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#12732675

8 September 2025

Smartphones are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, Union Finance Minister Nirmala Sitharaman says, ''We reduce the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

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#12732681

8 September 2025

Smart TVs are seen at an electronics store in Kolkata, India, on September 8, 2025. The Goods and Services Tax (GST) Council approves a two-tier rate structure of 5% and 18%. Announcing the new GST reforms, Union Finance Minister Nirmala Sitharaman says, ''We have reduced the slabs. There shall be only two slabs, and we are also addressing the issues of compensation cess.'' The revised rates take effect from September 22, bringing relief across a wide range of goods. Under the GST rate cut, most consumer electronics--such as air conditioners and televisions--shift from the old 28% slab down to 18% GST.

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#12102406

28 February 2025

A woman stands in front of the Technical health insurance, Techniker Krankenkasse branch in Karlsruhe, Baden-Wurttemberg, Germany, on February 24, 2025

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