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The GST collection data for March 2024 is expected on April 1 as government normally releases the numbers for a month on the first day of the next month | Latest News India
GST cess is set to expire in two years. What happens starting April 2026 is a decision that the government has to make.
Pan masala, containing tobacco gutkha, now has a cess rate of 0.61 times the RSP, while the rate for smoking mixtures for pipes and cigarettes is 0.69 times.
Indian government sets maximum GST Compensation Cess on tobacco products from April.
Read more about GST revenue shortfall: Centre may have to borrow Rs 1.58 trillion on Business Standard. Shortfall estimated at Rs 2.7 trn; Rs 1.1 trn may be met via cess collection