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TOBACCO TAXATION CONSEQUENCES
Tax hike raises risk of smuggling of tobacco products and revenue loss for govt: ExpertsExperts warn that a significant tax hike on cigarettes, effective February 1, could fuel illicit trade and lead to substantial tax revenue ...- 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...
- ITC shares rally nearly 10% in 2 sessions to cross Rs 500 markITC's shares soared nearly 10% in 2 days, surpassing Rs 500 and hitting a record Rs 510.60 on BSE. A 5% jump followed after the government ...
- After 2 years of goldilocks period, will FY24 Budget be a boon or bane for ITC?If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any...
- How harmful messaging can be disincentivised by levying a ‘sin tax’ on advertising in social mediaSocial media have found that the most addictive way of grabbing the attention of viewers is to shower them with hate and sensational falseh...
- Save lives: respect citizen rights, rethink nicotine
- Tobacco Caused Disease – A Pandemic We Can Rationally Tackle
- Farmers' body FAIFA asks Prime Minister Modi to withdraw bill on cigarette, tobaccoFederation of All India Farmer Associations (FAIFA) General Secretary Murali Babu said that in the amendment bill all the provisions of the...
- PM's vocal-for-local campaign should be applicable to tobacco control policies in India: FAIFAFederation of All India Farmer Associations (FAIFA) claims to represent farmers and farm workers of commercial crops across Andhra Pradesh,...
- Illicit industry flourishing due to sharp increase in tax on cigarettes: ITC MDGiven the synergies among ITC’s businesses and the institutional capabilities as well as assets that can be leveraged by all businesses, th...
- If FM keeps on fiscal prudence path, it will reassure investors: Nilesh Shah, Kotak AMC“The market is willing to take either the liquidity risk or the price risk.”
- FAIFA demands roll back of cess on cigarettesThe association's General Secretary Murali Babu said the huge growth of illicit trade of cigarettes is a reflection of the unintended conse...
- Government to allay India Inc's GST fears via interactive sessionsThis comes after several companies complained about an increase in taxation and a consequent rise in prices when GST is rolled out as expec...
- Use GST to curb illegal cigarette trade, tobacco body saysTobacco Institute of India director Syed Mahmood Ahmad said GST presents a unique opportunity to government to address the growing illegal ...
- 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.
- No health cess in new National Health Policy: JP Nadda"The talks of introducing a health cess is wrong. There is no such thing mentioned in the new policy. There is no question of introducing h...
- Budget 2015: Widen tax base to cover all tobacco products, says TIIHigh taxation should not be restricted only to cigarettes but all forms of tobacco must be included to counter the growing menace of contra...
- Impose higher taxes on all illegal tobacco products: TIIExcise duty was increased to 72 per cent on cigarettes of length not exceeding 65 mm and to 11-21 per cent for those of other lengths.
- 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...
- Remove veil around state VAT on tobaccoGiven this high rate of excise on cigarettes, the current debate on a possible extension of the State VAT thereto, in addition to the excis...
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