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Cigarettes won't be cheaper under GST

Cigarettes won't be cheaper under GST
The peak GST rate of 28 per cent as also the 5 per cent ad valorem cess will continue The GST Council on Monday raised the cess on cigarettes to take away an estimated Rs 5,000 crore (Rs 50 billion) annual "windfall" manufacturers could have reaped from lower GST rates, Finance Minister Arun Jaitley said. However, cigarette prices will not change as a result of the increased cess which would be effective from midnight. This was the first meeting of the Council after the Goods and Services Tax ...
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