Centre Caps Maximum GST Cess Rate On Pan-Masala And Cigarettes; Here Are All The Details
Zee Business Video Team | Updated: March 27, 2023 17:43 pm
The government has brought in amendments in the Finance Bill to cap the maximum rate of GST compensation cess on pan masala, cigarettes and other forms of tobacco and linked the highest rate to their retail sale price. According to the amendment, the maximum GST compensation cess rate for pan masala will be 51% of the retail sale price per unit, from the current cess charge at 135% ad valorem. The rate for tobacco has been fixed at Rs 4,170 per thousand sticks plus 290% ad valorem or 100% of the retail sale price per unit.
