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TOBACCO CESS
Higher excise, health cess to kick in on tobacco products, pan masala from February 1New taxes on cigarettes, tobacco, and pan masala begin February 1. This marks a major tax change for these products. Excise duties and a he...- Health & national security cess only on demerit goods like pan masala, not essentials, says Nirmala SitharamanA new health and national security cess will be imposed on demerit goods like pan masala. Finance Minister Nirmala Sitharaman stated this c...
- Lok Sabha passes Central Excise (Amendment) Bill ahead of GST cess phaseout on ‘sin goods’New laws are set to tax tobacco and pan masala products. These bills replace the GST compensation cess. Excise duty will be levied on tobac...
- Parliament Winter Session: Finance Minister Sitharaman moves two bills for new cess on tobacco and other 'sin goods'New bills have been introduced to change taxes on tobacco and pan masala. The Central Excise Amendment Bill will levy excise duty on tobacc...
- Central Excise (Amendment) Bill, 2025: Govt tables bill for new levies on cigarettes, pan masala and gutkhaFM Sitharaman introduces Health Security National Cess Bill 2025 to replace GST compensation cess on tobacco products, including cigarettes...
- Centre plans new health and security cess to keep tobacco taxes high as GST compensation levy endsIndia is set to introduce new taxes on tobacco products like cigarettes, pan masala, and gutkha. This move comes as the Goods and Services ...
- Bill to replace tobacco cess with new levy in winter sessionThe central government might present a bill during Parliament's winter session. This bill focuses on imposing a levy on tobacco products. I...
- Govt to monitor GST rate cuts to ensure relief reaches common man: MinisterThe finance ministry will closely monitor the implementation of reduced GST rates to ensure the relief reaches the common man, according to...
- GST Council retains 28% tax and cess on tobacco, sin goodsThe Union finance minister will decide on the date when the new tax rate for these items will be applicable. Currently, such products attra...
- Smokey Affair: GST on cigarettes, tobacco products may be raisedIndia is considering raising the GST on cigarettes and tobacco products to 40% and adding an additional excise duty after compensation cess...
- Cigarette stocks ITC, Godfrey Phillips, VST down up to 4%. Here's whyFollowing the news, VST Industries shares fell 4% to day's low of Rs 287.20, Godfrey Phillips stock fell about 4% while ITC fell over 2% to...
- ITC shares fall as GST Council rejects tobacco industry's proposal to reconsider compensation cessThe tobacco industry had sought "uniform additional compensation cess on cigarettes, compensation cess on bidis, additional compensation ce...
- Revenue Department removes additional excise duty on cigarette, tobaccoThe revenue department also "rescinded" the central excise notification dated February 27, 2010, which deals with excise duty rate on unman...
- Govt specifies retail sale price based GST cess rate for pan masala, tobaccoPan masala, containing tobacco gutkha, now has a cess rate of 0.61 times the RSP, while the rate for smoking mixtures for pipes and cigaret...
- Centre amends finance bill to change taxation on tobacco, pan masalaThe centre on Friday proposed an amendment in the Schedule of the GST (Compensation to States) Act, 2017in the finance bill which capped th...
- The GST cess shortfall – does tobacco hold the key?Tobacco is taxed at the highest slab of GST at 28 percent, being ‘sin goods’ and further attracting levies of additional duties like NCCD. ...
- Experts urge GoM, GST council, to increase cess on tobacco productsThe overall tax rate on all tobacco products in India is still very low compared to other middle-income countries, including those in South...
- Abolished various cesses via budgets to pave way for GST: GovernmentHowever, seven cesses will continue to be levied under the Goods and Services Tax regime since they pertain to customs or goods which are n...
- If the tax on cigarettes goes up, then the prices will go up: KK Modi, Godfrey PhillipsIn an interview with ET Now, KK Modi, Godfrey Phillips, speaks about the possible impact of the GST on tobacco product prices.
- Tobacco traders have threatened to strike from Monday over taxThe tussle between tobacco trade and the Statutory Tobacco Board on one hand and the Central Excise Department and the AP Agriculture Marke...
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