## Finance Minister May Introduce New Bills Finance Minister Nirmala Sitharaman is expected to introduce two Bills to replace the GST compensation cess currently imposed on demerit goods such as tobacco and pan masala. These new levies will be aligned with objectives concerning national security. ## Purpose of the New Levies The replacement bills aim to revise the existing taxation mechanism on selected harmful products, ensuring that the revenue model supports broader security concerns at the national level. > "The move seeks to ensure a balanced approach towards taxation while addressing public health and security considerations," noted an informed source. ## Legislative Timeline The proposals are likely to be tabled during the upcoming winter session of Parliament, with the government planning to expedite the process to ensure seamless transition from the current cess system. *** This legislative update underscores an effort to modernize taxation on harmful goods by integrating fiscal policy with national security priorities.

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Business Standard — 2025-11-30