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TOBACCO AND ALCOHOL TAXATION
GST Council approves highest tax rate of 40% on these goodsThe GST Council has approved raising taxes on sin goods to 40% as part of a broader GST 2.0 overhaul, simplifying the tax structure to two ...- GST authorities uncover Rs 104 cr tax evasion in illicit tobacco trade, 61 cases detected in Q1GST authorities detected 61 cases of illicit tobacco products, involving Rs 104.38 crore in tax evasion, during the first quarter of FY25. ...
- GST 2.0 reforms: Centre mulls extra duty on tobacco, states want shareTo maintain overall taxation on tobacco products post GST 2.0 reforms, the Centre may impose additional excise or special duty above the pr...
- WHO pushes for 50% price rise through taxes on sugar, alcohol and tobaccoThe World Health Organization urges nations to increase taxes on sugary drinks, alcohol, and tobacco by 50% by 2035. This initiative, dubbe...
- How Budget 2025 can walk the tightrope of India's 'sins'Sin Tax Budget 2025: India’s plan to become a developed nation by 2047 requires a healthy workforce, but over 1% of GDP is lost to cigarett...
- Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on ...
- Are there more sin taxes coming?Governments traditionally impose higher taxes, often known as 'sin' taxes, on products with adverse health effects, such as alcohol and tob...
- Exempt fizzy, juice-based drinks from sin tax: CompaniesNew Delhi-based Indian Beverage Association (IBA), an industry group that represents Coca-Cola, PepsiCo, Red Bull and Dabur, has urged the ...
- Budget 2023: Experts want India to widen tax base, do away with cess and surchargesAhead of the Union Budget to be tabled in February 2023, experts have called for the need to widen India's tax base and do away with cess a...
- Non-alcoholic beverage market likely to hit Rs 1.47 lakh cr by 2030, says ICRIER reportAccording to the report by economic policy think tank ICRIER, "the size of the market was estimated at Rs 671 billion (Rs 67,100 crore) in ...
- Illicit trade on rise in India, says Ficci-KPMG reportThe seizure value from misuse of end use was at Rs 770 crore and that from other means was at Rs 2,780 crore, seeing a rise of 191 per cent...
- GST may not burn a hole in your pocket, but you will have to tighten purse stringsFor a middle class family that earns between Rs 50,000-Rs 80,000 a month, the impact on the monthly budget will not be more than a few hund...
- Sensex hits 30K, but no acchhe din for sin stocks under Modi governmentIndia’s top-three tobacco and liquor stocks have been underperforming since 2014.
- GST, a tax reform that needs administrative reform too: Parthasarathi ShomeHe cautioned in the same breath that administrative reforms and raising the game in ease of doing business are necessary to make the proces...
- Tax sugarcane farmers, not sugary drinksCoca Cola has protested that if it has to pay such a high tax, it will have to close down several factories and ancillary facilities, costi...
- Prioritize anti-cancer drive: WHO to IndiaConcerned at the increasing number of cancer-related deaths, the WHO has suggested prioritizing cancer programmes to deal with the menace.
- Government sets up Tax Administration Reform Commission: Parthasarathi Shome"Here, we are not focusing on tax policy, legislation. But focus is on the rules and features and structural reforms in tax administration....
- GST dispute resolution body to be set up: Parthasarathi Shome"A GST dispute resolution authority will be set up for settling issues arising out after its implementation across the country," Shome said.
- GST, according to KautilyaThe GST would be a ‘game-changing' tax reform measure, with tax set-offs available across the production value-chain, and both for goods an...
- GST to subsume central excise, VAT among other leviesVarious levies such as excise, value added tax and service tax are proposed to be subsumed in the the Goods and Services Tax, making it a l...
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