Cigarettes Get Expensive

The adoption of the GST regime will make manufacturing cheaper, leading to lower prices of a number of manufactured goods. On the other hand, services are likely to become costlier under the GST.

When Union Finance Minister Arun Jaitley said in his budget speech, "I propose to increase the specific excise duty on cigarettes in the range of 11 percent to 72 percent", little did he know the impact it would have.

Finance Minister Arun Jaitley in his first budget gave some relief to income tax payers. He also sharply hiked the prices of tobacco products while making some goods like footwear, TV and soap cheaper.

The adoption of the GST regime will make manufacturing cheaper, leading to lower prices of a number of manufactured goods. On the other hand, services are likely to become costlier under the GST.

When Union Finance Minister Arun Jaitley said in his budget speech, "I propose to increase the specific excise duty on cigarettes in the range of 11 percent to 72 percent", little did he know the impact it would have.

Finance Minister Arun Jaitley in his first budget gave some relief to income tax payers. He also sharply hiked the prices of tobacco products while making some goods like footwear, TV and soap cheaper.