Cigarettes price hike from April 1; see the new rates
Tuesday 28 March 2023 9:13 PM IST
NEW DELHI: Cigarettes, pan masala, and other tobacco substances will get a price hike effective from April 1. The central government has decided the GST compensation cess to be levied on such tobacco substances.
Under the new rules, pan masala will attract a maximum GST compensation cess of 51 percent of the retail sale price per unit, replacing the current 135 percent duty charged on the product. The tariff for tobacco, meanwhile, has been set at Rs. 4170 per 1,000 sticks plus 290 percent ad valorem, or 100 percent of the unit's retail sale price.
It is important to note that the cess will be levied on top of the highest GST rate of 28 percent.