Cigarettes

India Considers Major GST Overhaul for Cigarettes and Pan Masala

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India Considers Major GST Overhaul for Cigarettes and Pan Masala

Cigarette and pan masala distributors in India are proposing a major overhaul to the GST tax system for their products. The Federation of All India Distributors Associations (FAIDA) has urged the Finance Ministry to switch to an upfront, Maximum Retail Price (MRP)-based tax model. Current System: Complex and Prone to Leakage Under the current system, … Read more

Smoking to Cost More This Diwali: Here’s Why

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Smoking to Cost More This Diwali: Here’s Why

Smoking to Cost More This Diwali: Here’s Why This Diwali, expect your cigarettes and other tobacco products to get more expensive. The government is introducing significant GST reforms that will increase the tax on “luxury” and “sin” goods. This move is part of a plan to replace the current tax structure with a new one … Read more