The first meeting after the launch was held by video conference. It found that the cess calibration on cigarettes had cut the overall tax burden compared with the pre-GST regime because it ignored the cascading of VAT on excise duty. The Council raised the compensation cess on cigarettes from midnight of 17-18 July 2017 to restore the earlier incidence.
Chaired by Arun Jaitley, Union Finance Minister.
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