Learn what is GST compensation cess, how to calculate cess, what are the GST compensation cess rates on different goods who is liable to collect the cess
GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on 21 Dec Indiaretailing Bureau - December 3, 2024 Currently, GST on beverages, cigarettes, tobacco and related products are 28 per centNew Delhi: The GoM on GST rate rationalisation on Monday decided...
In particular, for cigarettes, the specific cess constitutes the majority of tax revenue, and therefore, it must be revised regularly to protect revenue and keep real prices from falling. In addition, India should reintroduce excise taxation on all tobacco products, at least in part, on top of...
Findings On average, cigarettes, bidis and SLT have become increasingly affordable over the past 10 years. Bidis were found to be nine times more affordable than cigarettes. The GST has accentuated the increase in the affordability of cigarettes and SLT, and did not significantly alter the high...