Why India may raise GST on cigarettes and other tobacco products – The Times of India

Why India may raise GST on cigarettes and other tobacco products – The Times of India

Tobacco products, including cigarettes and pan masala, contribute substantially to government tax collections. (AI image) India may explore increasing the goods and service tax (GST) on tobacco products, including cigarettes, after it stops levying the compensation cess on them.Tobacco products, including cigarettes and pan masala, contribute substantially to government tax collections, with revenue reaching ₹72,788…

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Tobacco GST News: GoM Proposes 35% GST on Tobacco, Aerated Drinks and Luxury Items | India Business News – Times of India

Tobacco GST News: GoM Proposes 35% GST on Tobacco, Aerated Drinks and Luxury Items | India Business News – Times of India

The Group of Ministers (GoM) on GST rate rationalisation has decided to increase tax on aerated beverages, cigarettes, tobacco and related products to 35 per cent from the current 28 per cent, an official said on Monday.“The GoM has agreed to propose a special rate of 35 per cent on tobacco and related products and…

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