CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. India Tinkers With Tobacco Tax Level

India Tinkers With Tobacco Tax Level

by Mary Swire, Tax-News.com, Hong Kong

19 July 2017


India's Goods and Services Tax Council has decided to increase taxes on cigarettes, following an unintended tax windfall for the industry.

The tax burden on cigarettes, cigars, and tobacco had been reduced as a result of the introduction of the Goods and Services Tax (GST) on July 1.

In a statement released on July 17, the Ministry of Finance said that Compensation Cess Rates have been increased to ensure that the introduction of GST does not result in a tax cut for the products. GST will continue to be levied at 28 percent, a cess of five percent will apply, and a further charge will be added according to a cigarette's length and whether it includes a filter.

TAGS: tax | India | public health | goods and services tax (GST) | tax rates | tax reform | services

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »