https://www.taxtmi.com/news?id=63335 The Bill levies the Health Security se National Security Cess on persons who own, possess, operate, manage or control machines or undertake processes producing specified goods, with rates in Schedule II computed by machine speed, capacity and weight or by prescribed manual-process amounts. Taxable persons must register, file self-declarations and monthly self-assessed returns, and pay the cess monthly; proper officers may verify declarations, audit, access premises and records, and initiate notices, assessments, penalties, seizures and confiscation for non-compliance or evasion. Provisions allow compounding, appeals, revisions and prescribed rules for implementation. en-us Tue, 02 Dec 2025 14:52:38 +0530 Wed, 11 Feb 2026 16:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63335 The Bill levies the Health Security se National Security Cess on persons who own, possess, operate, manage or control machines or undertake processes producing specified goods, with rates in Schedule II computed by machine speed, capacity and weight or by prescribed manual-process amounts. Taxable persons must register, file self-declarations and monthly self-assessed returns, and pay the cess monthly; proper officers may verify declarations, audit, access premises and records, and initiate notices, assessments, penalties, seizures and confiscation for non-compliance or evasion. Provisions allow compounding, appeals, revisions and prescribed rules for implementation. News - Tue, 02 Dec 2025 14:52:38 +0530 https://www.taxtmi.com/news?id=63335