Sin Tax

Gaming and casinos have joined crypto trading, cigarettes and liquor in the category of activities which fall under the dreaded sin tax bracket in India. But do sin taxes work, and how?

GST rates on certain sin goods at a point where they can't be hiked anymore: CBIC Chairman

Sin taxes are levied on alcohol and tobacco but their efficacy has been debated. The Chairman also said that GST collections are expected to bring in Rs 1.3-1.35 lakh crore on a monthly basis in the current fiscal despite pressures on the customs and excise fronts.

Exclusive I Finance Ministry to examine if sin tax applies to soft drinks

Indian Beverage Association, which has Pepsi India and Coca-Cola India as members, writes to Nirmala Sitharaman asking for GST relief for non-alcoholic, carbonated beverages.

Policy | The bad economics and bad politics in restricting imported liquor

If the government feels that it cannot be liberal when it comes to liquor, it needs to justify further the proposal to restrict imports. History shows that reducing availability has not reduced the consumption of liquor.

Plea to include all tobacco products in highest tax slab

Ahead of the crucial GST council meeting on November 3, tobacco cancer survivors and researchers have urged the Council to include all tobacco products in the highest tax slab.

Auto, consumer cos to gain from GST: Motilal Oswal Securities

Rajat Rajgarhia, MD - Institutional Equities, Motilal Oswal Securities says one should analyse GST in three ways, one its positive impact on few sectors, two its negative impact on specific names and three how investors view this development.

Earnings push absent; worst over for Tata Motors: Prime Sec

ITC, especially, saw heavy selling and it cracked over 7 percent on news of a 'sin tax' — rate of a steep 40 percent that would be levied on select items such as tobacco products. But N Jayakumar, president of Prime Securities says regulatory headwinds have always existed for ITC

CEA terms tobacco GST rate as 'status quo'. But is it?

ITC shares have cracked on uncertainty on what GST could mean for tobacco products, in light of recommendations of a report by a panel headed by Chief Economic Advisor Arvind Subramanian. The report calls for a 40 percent "sin tax" for tobacco products.

'Sin tax' for alcohol, tobacco industries in GST regime

Alcohol and tobacco industries will have to pay more taxes towards an additional 'sin tax' under the proposed GST structure that seeks to bring in a uniform indirect tax regime across the country.