Excise duty to ensure tax incidence on tobacco remains same after GST cess ends: Sitharaman
“Since the GST law caps maximum rate of tax at 40%, the ultimate tax incidence on tobacco after removal of GST cess would come down from the current level if excise duty is not levied,” said the Finance Minister
“Since the GST law caps maximum rate of tax at 40%, the ultimate tax incidence on tobacco after removal of GST cess would come down from the current level if excise duty is not levied,” said the Finance Minister
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