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Bills In Lok Sabha Seek Levies On Tobacco, Pan Masala After GST Phaseout
The Central Excise (Amendment) Bill provides for a new central excise duty on tobacco products like cigarette, chewing tobacco, cigars, hookahs, zarda, and scented tobacco.
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New GST Rates Highlights: GST 2.0 Takes Effect, Food, Cars, TVs Become Cheaper
GST 2.0 Rates Highlights: The new Goods and Services Tax rates have taken effect today, with many items, including daily food and essentials, as well as life and health insurance policies, becoming cheaper.
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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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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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Bills In Lok Sabha Seek Levies On Tobacco, Pan Masala After GST Phaseout
The Central Excise (Amendment) Bill provides for a new central excise duty on tobacco products like cigarette, chewing tobacco, cigars, hookahs, zarda, and scented tobacco.
-
New GST Rates Highlights: GST 2.0 Takes Effect, Food, Cars, TVs Become Cheaper
GST 2.0 Rates Highlights: The new Goods and Services Tax rates have taken effect today, with many items, including daily food and essentials, as well as life and health insurance policies, becoming cheaper.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
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".
