Begin typing your search...
GST helpdesk: An expert answers your questions pertaining to the new tax and its impact
Mail your queries to feedback.dtnext@dt.co.in.
Chennai
How are tobacco products especially cigarettes, being treated under the GST? Will it affect business adversely? V Karunakaran, Vyasarpadi Â
Cigarettes are to be taxed at 28 per cent GST plus an additional GST cess at 5 per cent and another Rs 1.6 to 4.2 per cigarette. It seems as if the government is serious in its motive to discourage cigarette sales for a cancerfree India. Obviously, this would result in lesser sales and consequently affect the tobacco industry. But even they have realised that long ago, that going forward any government will do the same thing.Â
Not surprisingly, they have already diversified into other businesses. Nobody can fault the government for levying huge taxes on cigarettes. In a lighter vein, if the smokers continue with their habits, the government is bound to get more revenue!Â
D Arvind, Managing Partner, D Arvind & Associates, LLP
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story