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TOBACCO TAXATION
ITC Q4 results: After margin surprise, all eyes now on cigarette tax impact, says Gaurang ShahITC Limited reported a steady March quarter. Strong operating margins were a key positive. EBITDA margins exceeded expectations. The compan...- 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...
- Cigarette prices jump as new excise regime kicks in, stoking smuggling fearsCigarette prices have significantly increased following a new excise duty. This tax hike, the first in seven years, aims to align India's t...
- 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...
- 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...
- 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...
- 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...
- 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...
- Protect tobacco farmers' interest in GST laws: FAIFALast week the GST Council had approved tobacco cess to be kept as a mixture of Rs 4,170 per 1,000 sticks or ad valorem of 290 per cent.
- Budget 2017: Arun Jaitley makes smoking, paan masala costlierWhile the Budget did not change the basic excise duty for cigarettes, it increased the additional excise duty for filter cigarettes which w...
- 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...
- 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...
- Andhra Pradesh, Karnataka tobacco farmers seek non-discrimination, hold ‘Growers’ Day’ in DelhiFCV tobacco is grown in AP & Karnataka. According to the association, farmers of FCV tobacco in these states don’t have any viable alternat...
- 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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