[ad_1] India is discouraging cultivation and production in the tobacco farming sector, where income from exports has nearly doubled in the past five years. The reason behind the government’s decision is India’s obligation as a signatory to the WHO’s Framework Convention on Tobacco Control (FCTC), which calls for limiting the use of tobacco. According to […]
Adding goods to higher GST brackets is problematic, say experts – CNBC TV18
[ad_1] The Group of Ministers (GoM) formed by the GST Council has reportedly suggested introducing a “special rate” of 35% for tobacco and aerated beverages. At present, most tobacco products fall under the 28% GST slab, with the exception of tobacco leaves, which are taxed at 5% under the reverse charge mechanism. The GoM has also […]
Exclusive | GoM recommends 35% GST on tobacco, aerated drinks: Sources – CNBC TV18
[ad_1] The Group of Ministers (GoM) set up by the GST Council has proposed a new “special rate” of 35% for tobacco and aerated beverages, sources exclusive to CNBC-TV18 said. Currently, all types of tobacco products attract a GST rate of 28%, except for tobacco leaves, which are taxed at 5% under the reverse charge […]