Gst On Tobacco
- All
- News
- Web Stories
-
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.
-
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
-
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.
-
Law Enforcement Body Recovers Rs 74.86 Crore From Tobacco Manufacturer For GST Evasion
Unmanufactured tobacco attracts the highest rate of the Goods and Services Tax, which is almost equivalent to the value of the goods and there is scope for large-scale evasion in the sector
-
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.
-
Public Health Groups For Hike In Cess On Tobacco Products
The overall tax rate on all tobacco products in India is still very low compared to other middle-income countries, including those in South Asia.
-
Revenue Department Removes Additional Excise Duty On Cigarettes, Tobacco
Under the GST, a cess is levied on demerit and luxury goods over and above the peak GST rate of 28 per cent.
-
Tobacco Farmers Seek Balanced Taxation Under GST
Aiming to check cigarette smuggling into the country, farmers' body FAIFA on Monday urged Finance Minister Arun Jaitley to protect the Indian tobacco farmers' interests through balanced and uniform taxation under the GST.
-
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 Cess Over Additional Tax For Compensating States
Finance Minister Arun Jaitley 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".
-
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".
-
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.
-
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
-
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.
-
Law Enforcement Body Recovers Rs 74.86 Crore From Tobacco Manufacturer For GST Evasion
Unmanufactured tobacco attracts the highest rate of the Goods and Services Tax, which is almost equivalent to the value of the goods and there is scope for large-scale evasion in the sector
-
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.
-
Public Health Groups For Hike In Cess On Tobacco Products
The overall tax rate on all tobacco products in India is still very low compared to other middle-income countries, including those in South Asia.
-
Revenue Department Removes Additional Excise Duty On Cigarettes, Tobacco
Under the GST, a cess is levied on demerit and luxury goods over and above the peak GST rate of 28 per cent.
-
Tobacco Farmers Seek Balanced Taxation Under GST
Aiming to check cigarette smuggling into the country, farmers' body FAIFA on Monday urged Finance Minister Arun Jaitley to protect the Indian tobacco farmers' interests through balanced and uniform taxation under the GST.
-
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 Cess Over Additional Tax For Compensating States
Finance Minister Arun Jaitley 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".
-
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".
