Tobacco Sin 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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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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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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Social Sector Seeks Higher Health Outlay
The sector asked for a higher tax rate on tobacco and alcohol.
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Coca-Cola India Says May Have to Shut Factories If New Sin Tax Passed
The beverage maker, which operates 57 factories and bottling plants across India, said a proposal to group sugary sodas with higher-taxed luxury cars and tobacco would hurt demand for its drinks.
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Chief Economic Advisor Defends GST Rates
Chief Economic Advisor Arvind Subramanian on Monday defended a three-rate structure for GST (Goods and Services Tax), including a demerit or 'sin' tax of 40 per cent on products like tobacco and luxury cars, saying the recommendation is based on the current tax structure.
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Singapore to increase sin taxes to help its growing number of elderlies
Singapore on Friday announced steep increases in alcohol, gambling and tobacco taxes as it pledged billions of dollars in healthcare subsidy for its growing ranks of elderly citizens.
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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.
-
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.
-
Social Sector Seeks Higher Health Outlay
The sector asked for a higher tax rate on tobacco and alcohol.
-
Coca-Cola India Says May Have to Shut Factories If New Sin Tax Passed
The beverage maker, which operates 57 factories and bottling plants across India, said a proposal to group sugary sodas with higher-taxed luxury cars and tobacco would hurt demand for its drinks.
-
Chief Economic Advisor Defends GST Rates
Chief Economic Advisor Arvind Subramanian on Monday defended a three-rate structure for GST (Goods and Services Tax), including a demerit or 'sin' tax of 40 per cent on products like tobacco and luxury cars, saying the recommendation is based on the current tax structure.
-
Singapore to increase sin taxes to help its growing number of elderlies
Singapore on Friday announced steep increases in alcohol, gambling and tobacco taxes as it pledged billions of dollars in healthcare subsidy for its growing ranks of elderly citizens.
