Average annual revenue collection from tobacco products stands at Rs 53,750 Cr: FM

01:10:00 AM, Wednesday 4th of August 2021 | in business

Finance Minister Nirmala Sitharaman on Tuesday told the Rajya Sabha that the average annual revenue collection, including GST and excise duty, from tobacco products, stands at about Rs 53,750 crore. In reply to a question, the minister also said the GST rates, including compensation cess rates, on goods are fixed on the basis of the recommendations of the GST Council.