GST Council increases cess on cigarettes

The central government has decided to hike the cess on cigarettes which intends to take away the profits cigarettes firms have made.

“Total revenue gain with higher cess on cigarettes have been seen at Rs 5,000 crore”, said Finance Minister Arun Jaitley.

“28 per cent GST rate on cigarettes remains, 5% ad valorem on cess to stay,” Jaitley said. Only the amount on compensation cess for cigarettes will be raised.

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