Tobacco Taxes
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India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
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Cigarette, Beedi, Pan Masala To Be Costlier From Feb 1 With New Tax, Cess
The government on Wednesday notified February 1 as the date from which additional excise duty will be levied on tobacco products, and a new cess on pan masala.
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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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Kerala Congress Unit's Social Media Chief Resigns Amid 'Bidis-Bihar' Post Row
Kerala Congress unit's social media head steps down from role amid row over 'bidis, Bihar start with B' post
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Congress' Post On Bihar, Bidis Sparks Row, BJP Calls It "Insult To Entire State"
In a now-deleted post on X, the Congress said that "Bidis and Bihar start with B" and "cannot be considered a sin anymore", referring to the GST cut on the tobacco product.
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"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
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Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
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GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
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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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India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
-
Cigarette, Beedi, Pan Masala To Be Costlier From Feb 1 With New Tax, Cess
The government on Wednesday notified February 1 as the date from which additional excise duty will be levied on tobacco products, and a new cess on pan masala.
-
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.
-
Kerala Congress Unit's Social Media Chief Resigns Amid 'Bidis-Bihar' Post Row
Kerala Congress unit's social media head steps down from role amid row over 'bidis, Bihar start with B' post
-
Congress' Post On Bihar, Bidis Sparks Row, BJP Calls It "Insult To Entire State"
In a now-deleted post on X, the Congress said that "Bidis and Bihar start with B" and "cannot be considered a sin anymore", referring to the GST cut on the tobacco product.
-
"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
-
Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
-
GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
-
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.
