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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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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.
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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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Stop Calling Luxury Cars As Sin Goods; Reduce GST: Jaguar Land Rover
Luxury cars are often under scrutiny for being extravagant purchases, which has resulted in the cars attracting the highest taxation. However, Jaguar Land Rover India's President and Managing Director, Rohit Suri believes that the government should stop classifying luxury cars as sin goods and reduce the tax burden on such vehicles. In a statement ...
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GST Roadmap To Be To Work Towards A Single Rate Between 12%, 18%: Arun Jaitley
Finance Minister Arun Jaitley said the country should look towards having GST slabs of zero, five per cent and a standard rate for luxury and sin goods. The government will also look at transferring cement into a lower tax slab as the next priority, Mr Jaitley added.
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Gradual Reduction In GST Rates To Strengthen Tax Regime, Says Industry Body
With the latest rate cut announcement, only 28 items including cement, luxury and 'sin' goods remain in the highest tax bracket of 28 per cent.
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''Good And Simple Tax'' Replaced "Congress Legacy Tax": Arun Jaitley
Union Minister Arun Jaitley today exuded confidence that GST rates on cement, ACs and televisions will be cut as tax revenues from them increase, and only luxury and sin goods will attract the highest slab of 28 per cent.
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Abolish 28% GST Slab, Says Delhi Deputy Chief Minister Manish Sisodia
Delhi Deputy Chief Minister Manish Sisodia on Friday said that the government should either completely abolish the 28 per cent tax bracket or reserve it only for "sin goods."
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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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How GST Could Impact Your Wallet In 10 Points
The Goods and Services Tax (GST) rate will have four brackets - 5, 12, 18 and 28 per cent. Finance Minister Arun Jaitley has said it will be announced later how different items and services will be taxed, but essentials and food will be in the lowest tax slabs while luxury and sin goods like tobacco products will be in the highest and will attract ...
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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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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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Kerala Fat Tax: Could Making Junk Food Expensive Curb Obesity?
The fat tax debate continues. Are pizzas and burgers only to blame or do we have other sinful treats to worry about?
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Social Sector Seeks Higher Health Outlay
The sector asked for a higher tax rate on tobacco and alcohol.
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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.
-
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.
-
Stop Calling Luxury Cars As Sin Goods; Reduce GST: Jaguar Land Rover
Luxury cars are often under scrutiny for being extravagant purchases, which has resulted in the cars attracting the highest taxation. However, Jaguar Land Rover India's President and Managing Director, Rohit Suri believes that the government should stop classifying luxury cars as sin goods and reduce the tax burden on such vehicles. In a statement ...
-
GST Roadmap To Be To Work Towards A Single Rate Between 12%, 18%: Arun Jaitley
Finance Minister Arun Jaitley said the country should look towards having GST slabs of zero, five per cent and a standard rate for luxury and sin goods. The government will also look at transferring cement into a lower tax slab as the next priority, Mr Jaitley added.
-
Gradual Reduction In GST Rates To Strengthen Tax Regime, Says Industry Body
With the latest rate cut announcement, only 28 items including cement, luxury and 'sin' goods remain in the highest tax bracket of 28 per cent.
-
''Good And Simple Tax'' Replaced "Congress Legacy Tax": Arun Jaitley
Union Minister Arun Jaitley today exuded confidence that GST rates on cement, ACs and televisions will be cut as tax revenues from them increase, and only luxury and sin goods will attract the highest slab of 28 per cent.
-
Abolish 28% GST Slab, Says Delhi Deputy Chief Minister Manish Sisodia
Delhi Deputy Chief Minister Manish Sisodia on Friday said that the government should either completely abolish the 28 per cent tax bracket or reserve it only for "sin goods."
-
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.
-
How GST Could Impact Your Wallet In 10 Points
The Goods and Services Tax (GST) rate will have four brackets - 5, 12, 18 and 28 per cent. Finance Minister Arun Jaitley has said it will be announced later how different items and services will be taxed, but essentials and food will be in the lowest tax slabs while luxury and sin goods like tobacco products will be in the highest and will attract ...
-
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.
-
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.
-
Kerala Fat Tax: Could Making Junk Food Expensive Curb Obesity?
The fat tax debate continues. Are pizzas and burgers only to blame or do we have other sinful treats to worry about?
-
Social Sector Seeks Higher Health Outlay
The sector asked for a higher tax rate on tobacco and alcohol.
