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August GST Council meet: Hike in cess on sin goods like cigarettes on the agenda

August GST Council meet: Hike in cess on sin goods like cigarettes on the agenda

The much-awaited Goods and Services Tax (GST) Council meeting is likely to be held on August 27 and another meeting will be scheduled on September 19, said senior government sources.

As decided earlier by the council itself earlier, the August 27 GST Council meet, which will be the 41st Council, will be to discuss a single point agenda that is to iron out measures to meet the compensation requirements to continue to pay off states. The 42nd GST Council meet, scheduled for September 19 will be a full council meet to discuss other agenda items, sources added.

Both the meetings will be via video conferencing. According to people in the know, the council in 41st Council is likely to discuss various proposals to raise funds in the compensation cess kitty.

The suggestions here are to either go in for an overall rate rationalization exercise or expand the cess kitty by levying cess on more items or to hike the cess quantum on sin goods, such as cigarettes, pan masala and aerated drinks

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