Changes in compensation cess etc.
This query is : Resolved
ASHWIN JOSHI
(Querist)
21 April 2023
Respected Sirs
Please be kind enough to furnish follow
HSN 24011090 Unmanufactured tobacco any changes in GST or compensation cess rates.
2. Under composition scheme Tobacco products snuff etc. We can include.
Please guide us accordingly. My email id is joshiashwin65@gmail.com.
Mobile WhatsApp no. 9825478459
Ashwin Kumar Joshi
Please be kind enough to furnish follow
HSN 24011090 Unmanufactured tobacco any changes in GST or compensation cess rates.
2. Under composition scheme Tobacco products snuff etc. We can include.
Please guide us accordingly. My email id is joshiashwin65@gmail.com.
Mobile WhatsApp no. 9825478459
Ashwin Kumar Joshi
06 July 2024
The GST rates applicable to unmanufactured tobacco (HSN code 24011090) and related details under the composition scheme for tobacco products:
1. Unmanufactured Tobacco (HSN code 24011090):
• GST Rate: 5%
• Compensation Cess: Applicable, rates vary based on the type of tobacco. For unmanufactured tobacco, the compensation cess is levied at different rates depending on the classification and specific type of tobacco.
It’s important to check the latest GST notifications or consult with a tax advisor for any recent changes in rates or cess applicable to unmanufactured tobacco.
2. Composition Scheme for Tobacco Products:
• Tobacco products like snuff fall under the composition scheme if they meet the eligibility criteria.
• Under the composition scheme for goods, the GST rate is typically lower, and taxpayers opting for this scheme have simplified compliance requirements.
If you are considering including snuff or any other tobacco product under the composition scheme, ensure:
• The product meets the eligibility criteria.
• Understand the GST rates applicable and any specific conditions for opting into the composition scheme.
1. Unmanufactured Tobacco (HSN code 24011090):
• GST Rate: 5%
• Compensation Cess: Applicable, rates vary based on the type of tobacco. For unmanufactured tobacco, the compensation cess is levied at different rates depending on the classification and specific type of tobacco.
It’s important to check the latest GST notifications or consult with a tax advisor for any recent changes in rates or cess applicable to unmanufactured tobacco.
2. Composition Scheme for Tobacco Products:
• Tobacco products like snuff fall under the composition scheme if they meet the eligibility criteria.
• Under the composition scheme for goods, the GST rate is typically lower, and taxpayers opting for this scheme have simplified compliance requirements.
If you are considering including snuff or any other tobacco product under the composition scheme, ensure:
• The product meets the eligibility criteria.
• Understand the GST rates applicable and any specific conditions for opting into the composition scheme.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- GSTR-9C filing
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- Gift to nri relatives residing in usa
- Section 269ST applicability for capital introduced by partner to his partnership firm
- IMS (import of goods) ITC related
- Advances to related party
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
