GST Compensation Cess May Stretch Beyond 2024 To Clear Arrears, Borrowings

From cigarettes to luxury cars, yachts to personal planes, may continue to attract additional levies for at least another three years as the central government makes good on a promise it made to states at the time of implementation of the goods and services tax in 2017. The levy of cess in order to pay out compensation due to states under the GST agreement may have to continue for at least two yea…