- India considers integrating compensation cess on luxury goods into GST
- Affects items such as cars, tobacco, and aerated drinks
- Current cess is additional to GST and expires in March 2026
- Initially introduced to offset state revenue loss from new tax regime
- Expected cess collection is 1.67 trillion rupees this year
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
