Compensation Cess

Compensation Cess on tobacco products can generate 49,740 crores – Doctors, Economists, Public Health Groups to GST Council

Compensation Cess on tobacco products can generate 49,740 crores – Doctors, Economists, Public Health Groups to GST Council

Public health groups along with doctors and economists are urging the GST Council to increase compensation cess on all tobacco products that can provide additional tax revenue of Rs. 49,740 crores. This additional revenue could significantly contribute to the increased need for compensation by different states during the pandemic and to disburse the dues already owed by the Centre. They all are appealing to the GST Council to, as an extra-ordinary measure, to apply the compensation cess on bidis and also increase the existing compensation cess applied on cigarettes and smokeless tobacco products during the upcoming meeting of the GST…
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