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PAN MASALA TAX
IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
West Asia crisis: Govt to assess impact of recent tax concessions on its indirect tax revenuesIran war: The review will factor in revenue implications from duty relief measures announced to cushion industries from supply disruptions,...
Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
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...
GST, cess levy together to help detect evasion in pan masala sector: SourcesNew tax rules for pan masala manufacturing will be effective February 1. A health and national security cess will be added to the Goods and...
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...
Parliament Winter Session: Lok Sabha to take up Health, National Security Cess Bill for further consideration, passingFinance Minister Nirmala Sitharaman will introduce a new cess bill in Lok Sabha. This bill aims to boost funds for national security and pu...
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: 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...
Odisha govt collected Rs 6,595 cr of tax from tobacco, pan masala over 11 years: CM Majhi tells assemblyThe Odisha government has amassed Rs 6,595.55 crore in tax revenue from tobacco and pan masala sales over 11 years. The revenue grew from R...
Pan masala makers to pay Rs 1 lakh penalty from October 1 for failure to register machines with taxmenThe Central Board of Indirect Taxes and Customs (CBIC) on August 6 notified October 1, 2024, as the date for levy of up to Rs 1 lakh penalt...
GSTN rolls out form for tobacco manufacturers to report inputs, outputs to tax authoritiesThe GST Network (GSTN) has introduced a new form, GST SRM-II, for manufacturers of pan masala and tobacco products to report inputs and out...
GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authoritiesThe GST Network (GSTN) has introduced an online facility for manufacturers of pan masala, gutkha, and similar tobacco products to register ...
Tobacco product makers to face Rs 1 lakh penalty, if packing machines not registered with GST authoritiesManufacturers of pan masala, gutka, and similar tobacco products will face a penalty of up to Rs 1 lakh if they fail to register their pack...
CBIC restricts IGST refund for export of pan masala, tobacco, mentha oil from Oct 1The Central Board of Indirect Taxes & Custom (CBIC) has imposed restriction on automated refund of Integrated Goods & Services Tax (IGST) f...
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...
GoM to examine levy of GST at manufacturing stage for pan masala, brick kilns sectorsThe panel will "examine the possibility to levy GST based on the capacity of manufacturing unit and special composition schemes in certain ...
GST investigation arm unearths Rs 40 cr tax evasion by pan masala/gutkha mfg unitThe GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national ca...
- Commercial tax department raids gutkha, pan masala units
The commercial tax department today carried out searches at four gutkha and pan masala manufacturing units across Uttar Pradesh following c...
- CBEC introduces lump-sum tax on gutkha manufacturers
According to an estimate, paan and gutka masala units are indulging in tax evasion of around Rs 1,800 crore annually.