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TOBACCO TAX REFORMS
GST rejig marks key shift towards making cancer care affordable, AIIMS researchers saysAIIMS researchers highlight recent GST reforms, including tax exemptions on cancer drugs and medical equipment, aiming to make cancer care ...- Southeast Asia’s tobacco toll meets India’s tough tax moveTobacco causes more deaths in Southeast Asia than any other preventable factor, claiming 3.2 million lives annually. India is using fiscal ...
- Cigarette prices: FAIFA says duty hike on tobacco products will hurt farmers, fuel smugglingThe Federation of All India Farmer Associations (FAIFA) criticizes the government's increased excise duty on tobacco products, warning it w...
- 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...
- GST collection for September rises 9.1% to Rs 1.89 lakh croreIndia's GST collections surged to Rs 1.89 lakh crore in September, marking a 9.1% annual increase. Concurrently, the GST Council rationaliz...
- Handholding businesses crucial for seamless transition to new GST rates: CBIC chiefCBIC Chief Sanjay Kumar Agarwal emphasises proactive support for businesses as reduced GST rates on 375 items take effect. Tax officers are...
- GST 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are falseThe CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming...
- Govt to monitor GST rate cuts to ensure relief reaches common man: MinisterThe finance ministry will closely monitor the implementation of reduced GST rates to ensure the relief reaches the common man, according to...
- 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...
- ITC shares surge 3% on GST tweaks in cigarettes, other tobacco productsITC shares experienced a surge following the GST Council's announcement that the existing 28% GST plus compensation cess on tobacco product...
- Govt likely to slash GST on insurance premiums to nil, says reportThe government plans to reduce GST on insurance premiums from 18% to 5% or even zero, as part of the upcoming GST 2.0 reforms aimed at simp...
- Next-gen GST set to be ‘game changer’, paves way for single tax slab by 2047: Govt sourcesThe government has unveiled plans to simplify the Goods and Services Tax system into just two slabs of 5% and 18%, with a special 40% rate ...
- 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...
- GST reforms: Govt mulls 5% slab for common man items; Luxury, sin goods to face 40% taxThe Centre is contemplating a significant GST overhaul, proposing a simplified structure with primary slabs of 5% and 18%, alongside a 40% ...
- 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...
- Assocham, KPMG warn against sharp anomalies in GST ratesThe paper said differential rates are leading to ambiguity and complexity in determining the value on which service tax is payable,.
- Remove anomalies across sectors before GST rollout: ReportFor the telecom sector, the paper cautioned that GST may negatively impact the working capital cost since initial landed price of purchases.
- 'Sin tax' for alcohol, tobacco industries in GST regimeAlcohol and tobacco industries will have to pay more taxes towards an additional 'sin tax' under the proposed GST structure.
- Delhi High Court refuses to restrain government from participating in tax eventCentral government standing counsel Akshay Makhija, appearing for the ministries of Finance and Health and Family Welfare, opposed the plea.
- Budget 2011: ASSOCHAM recommends retention of single-point central, specific duty structure for cigarettesIndustry body, ASSOCHAM has recommended retention of single-point central, specific duty structure for cigarettes.
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