Parliament Winter Session: Govt to introduce Central Excise (Amendment) Bill 2025
Parliament's Winter Session sees the government proposing new excise duty on tobacco and a 'Health Security–National Security Cess' for pan masala. These measures aim to maintain tax revenue post-GST compensation cess expiry, ensuring continued fiscal space for public health and national security initiatives. The shift aligns with a new 40% GST slab for demerit goods.
Parliament's Winter Session sees the government proposing new excise duty on tobacco and a 'Health Security–National Security Cess' for pan masala. These measures aim to maintain tax revenue post-GST compensation cess expiry, ensuring continued fiscal space for public health and national security initiatives. The shift aligns with a new 40% GST slab for demerit goods.
