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