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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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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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Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024
Union Budget 2024: The price of cigarettes will remain unchanged after the government announced no hike in the existing tax rates on tobacco products in the 2024 Union Budget.
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Diamond Watch And Supercars: Tobacco Baron's Lavish Lifestyle Under Probe
After establishing itself as a key player in the tobacco industry, the Banshidhar Company has come under the radar of Income Tax authorities who are working round the clock to unravel the company's web of deception.
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Rolls Royce, Lamborghini, Crores Of Cash Seized From Tobacco Baron's Home
The Income Tax department executed a series of raids on Banshidhar Tobacco Company, unearthing a complex web of financial manipulations that extend across various states and even overseas.
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Rs 335 Crore Black Money Found After Raids On Pune Tobacco Group
The Income Tax Department has detected about Rs 335 crore undisclosed income after it raided a Pune-based business group engaged in packaging and sale of tobacco products and related items, the Central Board of Direct Taxes said on Monday.
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GST Officials Detect Rs 830 Crore Tax Evasion By Delhi-Based Tobacco Factory
The GST department has unearthed Rs 831 crore tax evasion by an unregistered gutkha manufacturing unit in the national capital.
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Pakistan Cabinet Approves Flat Tax On Cigarettes, Soft Drinks
Pakistan's cabinet has approved a flat tax on all cigarette packets and soft drinks to try to plug a gaping budget deficit and discourage tobacco consumption, a document seen by Reuters said.
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'Illegal' Chewing Tobacco Unit Evaded Rs 400 Crore Tax, Say Excise Officials
The intelligence arm of the Finance Ministry has busted an illegal paan masala and 'gutkha' manufacturing unit in Karnataka's Kolar district.
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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.
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Japan Wrestles Over Smoking Ban As Olympics Loom
Tokyo risks being one of the unhealthiest Olympic Games hosts in years, as an anti-smoking law exposes deep rifts over tobacco tax revenue, personal freedom and the dangers of passive smoking, which kills thousands of Japanese each year.
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Ahead Of GST Meet, Demand To Tax Tobacco Products, Bidis At High Rates
Ahead of a crucial GST Council meeting, various health groups have strongly recommended that tobacco products, including bidis, should be taxed at uniformly high rates under the new indirect tax framework.
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Smoking Costs $1 Trillion, Soon to Kill 8 Million a Year - WHO/NCI Study
Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now.
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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.
-
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.
-
Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024
Union Budget 2024: The price of cigarettes will remain unchanged after the government announced no hike in the existing tax rates on tobacco products in the 2024 Union Budget.
-
Diamond Watch And Supercars: Tobacco Baron's Lavish Lifestyle Under Probe
After establishing itself as a key player in the tobacco industry, the Banshidhar Company has come under the radar of Income Tax authorities who are working round the clock to unravel the company's web of deception.
-
Rolls Royce, Lamborghini, Crores Of Cash Seized From Tobacco Baron's Home
The Income Tax department executed a series of raids on Banshidhar Tobacco Company, unearthing a complex web of financial manipulations that extend across various states and even overseas.
-
Rs 335 Crore Black Money Found After Raids On Pune Tobacco Group
The Income Tax Department has detected about Rs 335 crore undisclosed income after it raided a Pune-based business group engaged in packaging and sale of tobacco products and related items, the Central Board of Direct Taxes said on Monday.
-
GST Officials Detect Rs 830 Crore Tax Evasion By Delhi-Based Tobacco Factory
The GST department has unearthed Rs 831 crore tax evasion by an unregistered gutkha manufacturing unit in the national capital.
-
Pakistan Cabinet Approves Flat Tax On Cigarettes, Soft Drinks
Pakistan's cabinet has approved a flat tax on all cigarette packets and soft drinks to try to plug a gaping budget deficit and discourage tobacco consumption, a document seen by Reuters said.
-
'Illegal' Chewing Tobacco Unit Evaded Rs 400 Crore Tax, Say Excise Officials
The intelligence arm of the Finance Ministry has busted an illegal paan masala and 'gutkha' manufacturing unit in Karnataka's Kolar district.
-
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.
-
Japan Wrestles Over Smoking Ban As Olympics Loom
Tokyo risks being one of the unhealthiest Olympic Games hosts in years, as an anti-smoking law exposes deep rifts over tobacco tax revenue, personal freedom and the dangers of passive smoking, which kills thousands of Japanese each year.
-
Ahead Of GST Meet, Demand To Tax Tobacco Products, Bidis At High Rates
Ahead of a crucial GST Council meeting, various health groups have strongly recommended that tobacco products, including bidis, should be taxed at uniformly high rates under the new indirect tax framework.
-
Smoking Costs $1 Trillion, Soon to Kill 8 Million a Year - WHO/NCI Study
Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now.
