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Luxury Cess to Merge into GST Soon

LUXURY CESS MAY BE MERGED INTO GST STRUCTURE Why in the News? Cess expiry: The Compensation Cess, extended till March 2026, may be integrated into GST rates post-expiry. GST Council talks: The Finance Ministry supports integrating cess on luxury and sin goods like SUVs, tobacco, and aerated drinks. Eight-year journey: Introduced in 2017 to compensate …

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