Tobacco Industry

Indian Government Plans New Levies on Tobacco and Pan Masala as GST Cess Expires

Business News Desk18 hours ago03 mins mins

The Indian central government is preparing to introduce new tax levies on tobacco products and pan masala as the current Goods and Services Tax (GST) compensation cess is set to expire. This fiscal shift, expected to take effect in the coming months, aims to bridge the revenue gap created by the sunset of the temporary…

ITC Strategy Shifts Amidst Rising Cigarette Taxation Pressures

Business News Desk3 days ago03 mins mins

Strategic Pricing Adjustments ITC Chairman and Managing Director Sanjiv Puri confirmed this week that the conglomerate has successfully passed on only 50 to 60 percent of recent cigarette tax hikes to consumers. Speaking on the company’s fiscal strategy, Puri noted that the remaining tax burden will be implemented incrementally to maintain market stability and protect…

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Indian Government Plans New Levies on Tobacco and Pan Masala as GST Cess Expires

ITC Strategy Shifts Amidst Rising Cigarette Taxation Pressures