GST compensation cess on vehicles and tobacco might stay till 2025-26

Consumers of automobiles, aerated water and tobacco products may have to bear the burden of the Goods and Services Tax (GST) compensation cess on their purchases till the end of 2025-26 to help the Union government raise resources to pay states the committed compensation required to make good a shortfall in their GST collection. The Fifteenth Finance Commission has estimated that the shortfall in…