Tobacco products price may increase

The GST Council has finally decided the cap rate on the tobacco products on Thursday. The council has reportedly agreed on the rate of Rs 4,170 per 1,000 sticks. This is 290 percent increase from the current tax rate. It has also capped the cess on pan masala at 135 percent ad valorem. However, the council has deferred the decision on levying a cess on bidis.

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