covid cess

GoM recommends one-time grant for Sikkim instead of Covid cess

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GoM recommends one-time grant for Sikkim instead of Covid cess

The Group of Ministers set up by the GST Council on Sikkim‘s demand of levying Covid cess on power and pharmaceutical sectors has ruled out levying any cess on production and has instead recommended that a one-time grant be given by the Centre to the state. Officials aware of the developments said that levying a … Read more

Taxed by the pandemic, Centre may go for a coronavirus cess in Budget 2021

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Taxed by the pandemic, Centre may go for a coronavirus cess in Budget 2021

The government has discussed a Covid-19 cess or surcharge ahead of the budget to fund additional spending due to the pandemic, including that on vaccines, sources aware of deliberations told ET. Some preliminary talks on revenue-raising measures have been held, but a final decision on whether to impose a new levy in the form of … Read more