Union Budget: The hidden cost of GST 2.0 - India faces potential tax shock as compensation cess ends - Times of India

Transition away from the compensation cess has exposed the unfinished edge of reform. By Nilanjan Banik India’s indirect tax journey reached an important milestone in 2025. With the completion of GST 2.0, the full removal of the GST compensation cess, and Parliament’s approval of a new excise framework for demerit goods, the post-GST transition phase can now be said to be formally closed. From a s…