Bills to replace GST compensation cess may be tabled in Lok Sabha on Monday - Business Standard

To replace the compensation cess (under goods and services tax, or GST) on demerit goods such as cigarettes and pan masala with a levy to finance national security and public health, Union Finance Minister Nirmala Sitharaman is likely to introduce two Bills in the Lok Sabha on Monday, the first day of the winter session of Parliament.   The Centre’s move is necessary because the GST compensat…