Pan Masala

The capping of the cess rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last March 24.

GST Council likely to approve GoM report on plugging tax leakages for pan masala, chewing tobacco: Sources

The report has suggested that the exports of these items shall only be allowed against a letter of undertaking with the consequential refund of accumulated input tax credit to curb fake invoicing and fraudulent exports.

New Zealand tobacco ban shows the way. Can India act tough, too?

Health experts and campaigners say India has to ramp up its fight against tobacco if it wants to save its younger generation.

After cigarettes and gutkha, UP govt bans jeans and t-shirt in colleges

“All the faculty members and other university officials are requested to come in on time in modest clothing and perform their duties with responsibility. Jeans and T-shirts are prohibited while on duty,” according to March 30 circular issued by the directorate of higher education.

GST peak rates revised: You may now pay up to 43% tax for aerated drinks, luxury goods

The 15 per cent cess cap would apply on luxury cars and aerated drinks. On pan masala, the cess has been capped at 135 per cent ad valorem.

GST: Tobacco products to attract up to 290% cess, pan masala at 135%

While the cess rate seems exorbitant, Krishna Byre Gowda, a GST Council member representing Karnataka, clarified that the high cess would not mean an increase in the price of cigarettes.

Govt mulls compulsory licensing for 'other tobacco products'

With a view to address public health issues, government is considering to bring manufacture of 'other tobacco products' like khaini, tobacco blended pan masala, hookah or gooduku tobacco, zarda and bidis under the ambit of compulsory licensing.

ITC up 6% as GST overhang on tobacco subsides: Time to buy now?

Most analysts are positive on ITC given sharp underperformance in past months on GST concerns. JP Morgan is overweight on ITC stating that some uncertainty will remain on the final taxation change for ITC. It adds earnings impact could be gauged only as clarity emerges on quantum and nature of cess on sin products.

No agreement on GST rates, states agree on cess for compensation

The Centre and states will meet again early next month to decide on the tricky issue of GST rates, but an agreement appeared possible on imposing a cess on ultra-luxury and demerit goods to compensate states for potential revenue loss.

GST impact: Things that may become cheaper or costlier

Setting a target of April 1, 2017 for rollout of the Goods and Services Tax, the government today unveiled a detailed roadmap for its implementation and said it is aiming for an optimal rate of taxation though the final decision will be taken by the GST Council.

Maha govt includes manufactured chewable tobacco in ban

Maharashtra government has banned sale, purchase and storage of manufactured chewable tobacco, and extended the ban on other tobacco variants for a period of one year.

Mandatory warning can't make alcohol, pan masala unsafe

The Food Safety and Standards Authority of India (FSSAI) came out with the draft norms amid safety concerns over Maggi noodles, which was earlier this month recalled from the market.

Budget 2012: 2% across the board hike in excise, service tax in Budget

In a Budget that raised fears of furthering inflationary pressures, Finance Minister Pranab Mukherjee today hiked excise duty and service tax by 2% across-the-board to raise Rs 45,940 crore while offering marginal relief to individuals in income tax foregoing Rs 4,500 crore.

Ban on plastic packaging hurting margins: Ester Industries

Arvind Singhania, CMD of Ester Industries, in an interview with CNBC-TV18’s Reema Tendulkar and Ekta Batra, spoke about the ban of plastic on the gutkha industry and how will it impact the packaging companies going forward.