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HEALTH CESS ON TOBACCO
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...- ITC, Godfrey Phillips shares crack up to 19% on New Year’s Day. What’s the bad news?Tobacco stocks like ITC and Godfrey Phillips saw significant drops on Thursday. This follows the finance ministry's notification of an addi...
- 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...
- New tax coming for demerit goods like cigarettes and not for essential goods: FM SitharamanFinance Minister Nirmala Sitharaman said the new Health and National Security Cess will primarily focus on demerit goods, including pan mas...
- Parliament winter session: FM Sitharaman to move Health Security se National Security Cess Bill for consideration, passing in LSUnion Finance Minister Nirmala Sitharaman is set to introduce the Health Security National Security Cess Bill, 2025, in the Lok Sabha to fu...
- 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...
- Parliament Winter Session agenda: Sin-goods taxation, atomic bill on table as Oppn gears up for showdown over SIRParliament's Winter Session begins December 1st amidst opposition demands for a Special Intensive Revision of electoral rolls discussion. T...
- 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 ...
- ITC, Godfrey Phillips shares fall up to 2.5% as Centre plans new cess to keep tobacco taxes highCigarette makers ITC and Godfrey Phillips saw their shares fall. This follows the government's announcement of a new health and security ce...
- 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...
- View: There is a need for high taxes uniformly across all tobacco productsHigher taxes will work in tandem with greater controls, and will help GoI pay for all the direct and indirect costs it incurs due to tobacc...
- 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...
- Government wants 28 per cent tax on all tobacco productsThe ministry, which has favoured higher taxes on all tobacco products for long, also highlighted that tiered tax structure for cigarettes n...
- Budget 2016: Government eyes health cess on tobacco, alcoholA ‘sin tax’ is an excise tax that is levied on products and services considered to be detrimental for health or society such as alcohol, to...
- Cigarette cess mulled to help tobacco farmers exitCigarette smokers may have to pay a cess of 5 paise for each stick they light, if a proposal of the Commerce Ministry to shift tobacco grow...
- Govt may dump proposal to introduce health cessThe Government is unlikely to introduce a health cess in the coming Budget to provide health coverage to the below poverty line (BPL) famil...
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