Gst Council On Tobacco Tax
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Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
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GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
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Government To Extend Surcharge On Luxury Items, Tobacco
The surcharge on luxury goods, which varies from 12 per cent to 200 per cent, is part of the national goods and services tax (GST) introduced in 2017, and was due to expire in 2022.
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Cabinet Clears GST Supplementary Legislations
The GST Council has already approved four-tier tax slabs of 5, 12, 18 and 28 per cent plus an additional cess on demerit goods like luxury cars, aerated drinks and tobacco products.
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ITC Rallies 7% As Clarity Emerges On GST Proposals. Should You Buy?
ITC was the top gainer on the Nifty in morning deals, helping the index peek above its important crucial psychological level of 9,200.
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GST: Aerated Drink Makers Disappointed On Being Put In Demerit List
Earlier this week, the GST Council had announced that luxury items like high-end cars and demerit goods including tobacco, pan masala and aerated drinks will be taxed at the highest rate of 28 per cent.
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Remove Anomalies Across Sectors Before GST Rollout: Report
Taxation structure for sin goods like tobacco should not be based on emotive issues, but on rational parameters like the need to check illicit trade, said the Assocham-KPMG paper.
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Plea To Include All Tobacco Products In Highest Tax Slab
Ahead of the crucial GST council meeting on November 3, tobacco cancer survivors and researchers have urged the Council to include all tobacco products in the highest tax slab.
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Arun Jaitley Favours Lower GST Rates For Essential Products, Higher Bracket For Luxury Goods
Finance Minister Arun Jaitley today favoured levy of cess on tobacco and luxury products to compensate states for loss of revenue on GST saying the cost of funding that through an additional tax would be "exorbitantly high and almost unbearable".
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Parliamentarians, Doctors Seek 40% Sin Tax On Tobacco Products
Parliamentarians, medical experts and health advocates today appealed to the GST Council to levy 40 per cent sin tax on all tobacco products to curb the addiction.
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Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
-
Government To Extend Surcharge On Luxury Items, Tobacco
The surcharge on luxury goods, which varies from 12 per cent to 200 per cent, is part of the national goods and services tax (GST) introduced in 2017, and was due to expire in 2022.
-
Cabinet Clears GST Supplementary Legislations
The GST Council has already approved four-tier tax slabs of 5, 12, 18 and 28 per cent plus an additional cess on demerit goods like luxury cars, aerated drinks and tobacco products.
-
ITC Rallies 7% As Clarity Emerges On GST Proposals. Should You Buy?
ITC was the top gainer on the Nifty in morning deals, helping the index peek above its important crucial psychological level of 9,200.
-
GST: Aerated Drink Makers Disappointed On Being Put In Demerit List
Earlier this week, the GST Council had announced that luxury items like high-end cars and demerit goods including tobacco, pan masala and aerated drinks will be taxed at the highest rate of 28 per cent.
-
Remove Anomalies Across Sectors Before GST Rollout: Report
Taxation structure for sin goods like tobacco should not be based on emotive issues, but on rational parameters like the need to check illicit trade, said the Assocham-KPMG paper.
-
Plea To Include All Tobacco Products In Highest Tax Slab
Ahead of the crucial GST council meeting on November 3, tobacco cancer survivors and researchers have urged the Council to include all tobacco products in the highest tax slab.
-
Arun Jaitley Favours Lower GST Rates For Essential Products, Higher Bracket For Luxury Goods
Finance Minister Arun Jaitley today favoured levy of cess on tobacco and luxury products to compensate states for loss of revenue on GST saying the cost of funding that through an additional tax would be "exorbitantly high and almost unbearable".
-
Parliamentarians, Doctors Seek 40% Sin Tax On Tobacco Products
Parliamentarians, medical experts and health advocates today appealed to the GST Council to levy 40 per cent sin tax on all tobacco products to curb the addiction.
