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TOBACCO TAX REGIME
Cigarette tax hike may boost illicit trade, hurt employment and tax revenue: ReportWith the new excise tax on cigarettes set to drive up prices, authorities may unwittingly trigger a rise in clandestine cigarette trade. Th...- 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...
- Parliament approves Central Excise (Amendment) Bill, 2025 to levy excise duty on tobaccoParliament has approved a new bill. This legislation will allow for higher excise duty on tobacco products. This change will take effect on...
- GST Council retains 28% tax and cess on tobacco, sin goodsThe Union finance minister will decide on the date when the new tax rate for these items will be applicable. Currently, such products attra...
- 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...
- 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% ...
- 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...
- 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...
- Include 'bidi' in demerit category under GST: ExpertsThe Indian market of smoked tobacco is dominated by bidis, which outsell cigarettes by 8:1 ratio.
- Include bidi in GST's demerit category: ExpertsOncologists at Tata Memorial Hospital said bidis, which cause 5.8 lakh deaths annually in India, are as dangerous as cigarettes and should ...
- 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...
- Government wants 28 per cent tax on all tobacco productsThe ministry, which has favoured higher taxes on all tobacco products for long, also highlighted that tiered tax structure for cigarettes n...
- Government mulls compulsory licensing for 'other tobacco products'These tobacco products include khaini, tobacco blended pan masala, hookah or gooduku tobacco, zarda, bidis and other chewable/eatable tobac...
- If the tax on cigarettes goes up, then the prices will go up: KK Modi, Godfrey PhillipsIn an interview with ET Now, KK Modi, Godfrey Phillips, speaks about the possible impact of the GST on tobacco product prices.
- 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.
- 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...
- '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.
- Centre yet to finalise 44 items proposed for VATThe Union government is yet to take a final call on the composition of the fresh list of 44 items proposed to be brought under the ambit of...
- Tobacco may get costlier next fiscalTobacco and tobacco products may face value-added tax regime from next fiscal.
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