Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 02/2025 - Compensation Cess (Rate), significantly reducing compensation cess rates on multiple goods to Nil. The changes will take effect from September 22, 2025, as per the Ministry of Finance's official notification. Key Highlights of Notification 02/2025: Goods Covered Under Nil Compensation Cess The notification substitutes the compensation cess rate with Nil for a wide range of items listed in the sche
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The GST compensation cess will be reduced to nil on select goods from September 22, 2025.
The compensation cess will be reduced to nil for a wide range of items listed under serial numbers 2, 3, 4, 4A, 4B, 39, 40, 41, 42, 47, 48, 50, 51, 52, 52A, 52B, 53, 54, and 55.
This change is issued under Section 8(2) of the Goods and Services Tax (Compensation to States) Act, 2017, following recommendations from the GST Council.
This reduction is expected to provide relief to businesses and consumers by lowering the tax burden on affected goods and streamline GST compliance.
The notification was issued by the Central Board of Indirect Taxes and Customs (CBIC).
CAclubindia
