GST Council may replace compensation cess with health and clean energy cesses

The GST Council is likely to consider a major restructuring of the cess regime, with plans to replace the existing compensation cess with two new levies — a Health Cess and a Clean Energy Cess — once the current cess expires on March 31, 2026, highly placed sources told CNBC-TV18 on the condition of anonymity. The proposal is expected to be routed through the Group of Ministers (GoM) on Compensati…