The GoM on GST rate rationalisation has proposed increasing the tax on aerated beverages to 35% from 28% and similarly raising taxes on sin...

Varun Beverages share price: Shares of Varun Beverages fell by 5.2% as the Group of Ministers proposed raising the GST rate on aerated drin...

A GST panel recommends moving more goods to the 28% luxury slab to simplify mid-range categories and merge 12% and 18% slabs. Focus on exem...

Cigarettes, tobacco products, carbonated drinks, and high-end automobiles in the 28% GST slab might see a rise in taxation as a cess ends i...

Government budgets—balanced, surplus, or deficit—manage expenditures and revenues for economic stability. Balanced budgets ensure fiscal di...

Data from Bloomberg show a 16 per cent drop in the buy recommendations from analysts.

However, seven cesses will continue to be levied under the Goods and Services Tax regime since they pertain to customs or goods which are n...

The powerful GST Council, comprising representative of Centre and states, has recommended a four-tier tax structure -- 5, 12, 18 and 28 per...

The Indian market of smoked tobacco is dominated by bidis, which outsell cigarettes by 8:1 ratio.

Oncologists at Tata Memorial Hospital said bidis, which cause 5.8 lakh deaths annually in India, are as dangerous as cigarettes and should ...

The demand from leading oncologists and 108 cancer hospitals under the aegis of the state-funded National Cancer Grid (NCG), comes ahead of...

The ministry, which has favoured higher taxes on all tobacco products for long, also highlighted that tiered tax structure for cigarettes n...

The GST Council will have to clear Central GST (CGST), Integrated GST (IGST) and the compensation bills before they can be introduced in th...

The Compensation Bill will provide a legal backing to the Centre's promise to compensate the states if their revenue growth rate falls belo...

“We should see that the cess is indeed limited only to demerit goods”

CII also said that it would be challenging for companies to meet the requirements of dual administration by central and state governments.

Given this high rate of excise on cigarettes, the current debate on a possible extension of the State VAT thereto, in addition to the excis...