Fiscal Federalism

Indian Government Plans New Levies on Tobacco and Pan Masala as Compensation Cess Expires

Business News Desk3 weeks ago3 weeks ago03 mins

The Indian government is preparing to introduce a new set of levies on tobacco products and pan masala, as the current Goods and Services Tax (GST) compensation cess is scheduled to lapse in March 2026. According to recent reports from the Ministry of Finance, the move aims to maintain revenue stability for states while addressing…

States Project Massive Revenue Shortfalls Under Proposed GST Restructuring

Business News Desk4 weeks ago02 mins

Major Indian states have issued formal warnings to the federal government, projecting annual revenue losses ranging from Rs 7,000 crore to Rs 9,000 crore following proposed changes to the Goods and Services Tax (GST) structure. This fiscal alert, delivered during recent pre-budget consultations, highlights growing friction between state administrations and the central government regarding the…

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Indian Government Plans New Levies on Tobacco and Pan Masala as Compensation Cess Expires

States Project Massive Revenue Shortfalls Under Proposed GST Restructuring