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GST: Sin Tax - Why bidis are smoking 18% while cigarettes burning at 40% tax
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The government may hike GST on cigarettes and tobacco products after discontinuing the compensation cess. Currently taxed at 28% plus levies (totaling 53%), a proposal suggests increasing GST to 40% and adding
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From February 1, cigarettes, pan masala, tobacco and similar products will become costlier as higher GST rates come into effect. These items will attract a 40% GST, while biris will be taxed
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Tobacco prices 📈 have risen 20% in the past seven months, while industry competition has intensified. Currently, cigarettes 🚬 are taxed at 28% under GST, plus additional cess and levies, bringing the
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