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Notified Compensation Cess based on Retail Sale Price on Pan Masala and Tobacoo Products

CBIC vide Notification No. 01/2023-Compensation Cess dated 31.03.2023 has notified provisions of Section 163 of the Finance Act, 2023 relating to the levy of compensation cess based on Retail Sale Price.

Section 163 amends Schedule to the Goods and Services Tax (Compensation to States) Act, 2017 relating to maximum rate of GST Compensation Cess.

"retail sale price" means the maximum price at which the concerned goods in packaged form may be sold to the ultimate consumer and includes all taxes, local or otherwise, freight, transport charges, commission payable to dealers, and all charges towards advertisement, delivery, packing, forwarding and the like and the price is the sole consideration for such sale.

Further Notification No. 02/2023-Compensation Cess (Rate) dated 31.03.2023 has been issued to change the basis to levy compensation cess on Pan Masala and Tobacco Products from ad valorem to Retail Sale Price.


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Apr 2, 2023


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