Specific Tax based Levy of GST Compensation Cess Applicable on Commodities like Pan Masala, Tobacco, etc.
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- Last Updated on 3 April, 2023
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Notification No. 01/2023-Compensation Cess dated March 31st, 2023
The Government appoints April 1st, 2023 as date on which the provisions of section 163 of the Finance Act 2023 shall come into force which provide to change the levy of GST compensation cess from ad valorem to specific tax based levy on the retail sale price for the products like Pan Masala, Tobacco and manufactured tobacco substitutes, etc.
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