India to Impose New Levies on Tobacco, Pan Masala as GST Compensation Cess Ends
The Indian Centre is set to introduce new levies on tobacco and pan masala products, effective July 1, 2022, across the nation, following the scheduled lapse of the Goods and Services Tax (GST) compensation cess, a move primarily aimed at safeguarding state revenues and reinforcing public health initiatives. Context: The End of GST Compensation Cess…