Perils to cess merger with GST rates
As the extended deadline of March 31, 2026 for the expiry of GST compensation approaches, reports indicate that the Group of Ministers (GoM) is considering the possibility of merging the cess with standard GST rates on certain luxury and demerit goods such as automobiles, soft drinks, tobacco and coal. While the move attempts to retain annual revenue collections from GST cess – ₹1.44 lakh cr…