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TOBACCO TAX REDUCTION
India, Bangladesh, Nepal on track to achieve 30 pc tobacco use reduction by year-end: WHOBangladesh, India, and Nepal are set to significantly cut tobacco use. The WHO highlights these nations are on track for a 30 percent reduc...
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...
Explained: Why ITC shares jumped after GST overhaul hit cigarettesITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially bene...
Revamping tobacco taxation strategies for high-burden Asian countries: ADBAccording to ADB, the study aims to evaluate progress, analyse the impact of previous tax recommendations, and propose new measures to furt...
FAIFA urges govt to cut duties on cigarettes in Budget 2023Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of farmers and farmworkers of commerc...
ITC, other cigarette stocks drop ahead of the Budget; here's whyAnalysts noted that a tax hike on cigarettes is a possibility as there have not been any hikes for the past two years. If the potential hik...
Budget 2022: ITC, other stocks to watch as D-St fears hike in excise duty on tobaccoShares of ITC are down 16 per cent from October 2021 highs, Godfrey Phillips India is down 17.5 per cent while VST Industries is down 16 pe...
Public health groups, doctors urge govt to hike excise duty on tobacco products in next Union BudgetPublic health groups, along with economists and doctors, have urged the government to increase excise duty on all tobacco products in the U...
Tobacco Harm Reduction - A Missed Public Health Opportunity for India
Higher tobacco taxes can save 35-45 billion lives in South Asia: StudyIt stated that annual increase in tobacco tax has mostly been below the rate of inflation and income growth, thus cigarettes remain afforda...
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...
Meghalaya decision to hike tobacco tax ruffles traders bodyThe traders apprehend the hike would encourage influx of cheaper products manufactured in neighbouring Bangladesh and Myanmar.
India needs comprehensive tax policy for curbing tobacco use: WHOThe Centre, this January, has moved to amend the anti- smoking law and proposed radical changes, including a ban on sale of loose cigarette...
10 per cent hike on tobacco products to reduce consumption: Public Health Foundation of IndiaThe study highlighted that a 10 per cent increase in bidi prices will lead to almost 5 per cent decrease in consumption.
Mizoram raises tax on cigarettes to 20 per centTaxation Minister Lalsawta told PTI that the decision was made and the official notification would be issued by evening.
- Taxes on tobacco in India lowest in Asia Pacific
Tax levied by India on tobacco products is among the lowest in the entire Asia Pacific region, and at variance with the World Health Organi...
- Tax reforms back on track, CST cut to 2% from June
Ending uncertainty over a major tax reform initiative, the central government on Friday notified reduction in central sales tax (CST) to 2%...
- CST in fadeout lane, cut to 3% from April
The Union Cabinet on Thursday gave its approval for initiating the process of phasing out of central sales tax (CST) with an initial reduct...
- Tobacco may come under VAT from next fiscal
Tobacco may come under VAT as part of a compensation package, asked by states from the Centre, for revenue loss due to the proposed phase o...
- Burnout: Tax rides ciggy-back, & it sure hurts
The cigarette story has remained much the same over the last year. Consumption of cigarettes continues to be the lowest among different tob...