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TOBACCO PRODUCTS TAXATION
ITC Q4 preview: Will cigarette slowdown, tax hit weigh on earnings despite FMCG strength?ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...- Quitting tobacco could give economic boost to over 20.5 million households in IndiaImagine a future where millions of Indian families break free from the grasp of tobacco, climbing up the economic ladder. The most disadvan...
- Health experts alarmed by GST cut on beedis, demand uniform taxationHealth experts have criticised the government’s move to cut GST on beedis from 28% to 18% while keeping other tobacco products at 40%. They...
- 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...
- 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...
- 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 ...
- Cigarettes won't burn a bigger hole in smoker's pocket this year as Budget leaves prices unchangedThis year's Union Budget was presented on July 23 by Finance Minister Nirmala Sitharaman. No increase was made to the National Calamity Con...
- Economists bat for hike in tobacco taxation for achieving Modi's USD 5 trillion economy visionThe economists strongly suggested that increasing inflation, which has put the country's budget under pressure, and urgent need of fresh ca...
- Tax non-virginia tobacco to earn Rs 40,000 crore revenue: NGO writes to CentreThe NGO Shram has already written to the Union Finance Minister Nirmala Sitharaman and Health Minister Harsh Vardhan on the issue urging to...
- FAIFA asks govt for tax policy that disincentivises illegal cigarette tradeThe Federation of All India Farmer Associations (FAIFA), which claims to represent farmers of commercial crops from various states, includi...
- Budget 2019: FAIFA urges government to correct cigarette taxation error to lessen burdenCigarettes account for 86% of revenue from tobacco taxation, while the contribution to tax collections from beedi and smokeless tobacco are...
- Disincentivise cigarette smuggling through tax policy: FAIFA"We appeal to the government to have a taxation policy, that disincentivises cigarette smuggling," FAIFA General Secretary Murali Babu said...
- Include bidi in demerit goods under GST regime, oncologists urge PM Narendra ModiThe demand from leading oncologists and 108 cancer hospitals under the aegis of the state-funded National Cancer Grid (NCG), comes ahead of...
- High taxation reduces cigarette industry from 110 billion sticks to 95 billion sticks over last three yearsThe WHO report on tobacco taxation 2015 reveals that at 6.5% of per capita GDP, cigarette taxes in India are amongst the highest in the wor...
- Budget 2016: Hike sin tax on tobacco by up to 40%, says health ministryAs per government estimates, the total economic cost attributable to tobacco use from all diseases in the year 2011 amounted to Rs 1,04,500...
- Tobacco products cheaper than essential food items: WHO study"Prices of tobacco products in the country have not increased substantially over time, thus making these products even cheaper than essenti...
- West Bengal government increases tax on cigarette; may further increase pricesThe companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.
- ITC stock plunges: Main business vulnerable to threats of regulationTobacco continues to be the company's bread and butter and an area that is being threatened by regulation and heavy taxation across the wor...
- Cigarette taxes are discriminatory: Kurush GrantDiscriminatory taxes on cigarettes have not helped reduce the tobacco consumption in the country, says ITC divisional chief executive (toba...
- Tobacco institute calls for equitable taxation policyThe Tobacco Institute of India (TII) director on Thursday urged the government to formulate a pragmatic and equitable taxation policy to re...
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