SinGoods

India to Revamp Tobacco Tax: New Bill to Replace Compensation Cess

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India to Revamp Tobacco Tax: New Bill to Replace Compensation Cess

New Bill May Tax Tobacco More The Indian government is considering a new bill to introduce a different tax on tobacco products, which would replace the current GST compensation cess. This legislation could be introduced during the upcoming winter session of Parliament. Currently, tobacco products face a 28% GST rate along with a compensation cess. … 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