New Delhi, June 16 -- The GST Council could consider a proposal at its next meeting to replace the existing compensation cess on sin goods and luxury items such as coal, cigarettes and cars with two different levies, a health cess and a clean energy cess, after March 31, 2026, people in the know said. There is a "near consensus" among officials and experts advising the Group of Ministers (GoM) deliberating the fate of the compensation cess after the levy is abolished, they said, requesting anonymity. A majority of advisers want the cess on luxury items like cars to continue for funding clean energy initiatives. Similarly, they want existing levies on sin goods such as tobacco products to continue, in order to support health schemes, the people mentioned above said. "The GoM has almost finalised its recommendations on similar lines and the same are expected to be placed before the Council soon, which is the final authority," one of them said. The GoM on restructuring of the compensation cess was constituted at the Council's 54th meeting in September last year. It is chaired by Union minister of state for finance Pankaj Chaudhary. The GST Council, the apex decision-making body on the indirect tax regime, is expected to meet either in June-end or July, before the Monsoon Session of Parliament, they said....