GENERAL21 Sept 2026
One year of GST 2.0: Net GST revenue shows signs of recovery
India has completed one year of GST 2.0, and net GST (Goods and Services Tax) revenue is now showing signs of recovery. The rate rejig removed the compensation cess on most products. It stays only on tobacco, until the pending compensation-cess loan and interest are paid off. Practically, most businesses pay less cess now, so check your product list and invoices.
Key Statutory Highlights
- Net GST revenue is showing signs of recovery one year after GST 2.0.
- The rate rejig exercise withdrew the compensation cess on most products.
- Compensation cess is retained on tobacco products until the outstanding compensation-cess loan and interest liabilities are discharged.
Actionable Advice for Taxpayers / Founders:Check your product list, pricing and invoices to confirm whether compensation cess still applies to what you sell, and keep it in place for tobacco products as the source says it continues. If you are unsure about your specific goods, confirm the position with your tax advisor before changing anything.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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