GST new rates
GST on cigarettes and tobacco products deferred.
Importantly, the 40% GST on tobacco products, including cigarettes and pan masala, will be implemented from a later date once loans are repaid.
“For the specified goods namely, cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and beedi, the existing rates of GST and compensation cess will continue to apply and the new rates will be implemented at a later date to be notified, based on discharging of entire loan and interest liabilities on account of compensation cess,” the Ministry of Finance said in a release on September 3.
Stocks relate to tobacco -