HomeHealthGST Council Meeting: Prices Of Bidis, Cigarettes and Tobacco May Rise

GST Council Meeting: Prices Of Bidis, Cigarettes and Tobacco May Rise

Advertisements
Advertisements

Public health groups have requested the GST Council to increase the compensation cess on tobacco products. And use the revenue derived from it like schemes like Ayushman Bharat. GST Council Meeting Scheduled on 18 December.

He has argued that increasing the cess on tobacco products. It could help the government achieve an additional revenue of 190 billion to reduce the deficit in GST collections. Earlier, the government has consistently failed to meet the GST revenue target.

GST Council Meeting

The groups said in the proposal that “a 28% rate. And additional cess on tobacco product will not only increase the additional revenue but will also reduce tobacco consumption”. As well as can be used for government schemes like Ayushman is.

Advertisements

Health economists, public health experts, and cancer research experts have called for Rs 5,463 cess per 1000 sticks on cigarettes.

He says that “such an increase could potentially increase GST revenue from cigarettes by about 150 billion. Targeting a 10% reduction in consumption.” Compensation cess on all smokeless tobacco products. It should also increase from the present 104% to 125%.

Ashish Kumar Mishra
Ashish Kumar Mishrahttps://www.spotnews18.com/
Ashish Kumar Mishra is the Founder and CEO of Spot News 18. He created Spot News 18 on 30 June 2019. His intention in making these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website's reach to all parts of the world.

Related News

LATEST NEWS

Attention 26 Crore Mobile Users Of The Country, Your Network May Be Closed Soon!

The crisis is deepening on Vodafone-Idea, a company called the country's most extensive mobile subscriber base. Vodafone-Idea has a debt of about 10 thousand...

Sperm Adopts These Tricks To Reach The Egg Of Women, A New Secret Is Revealed On Pregnancy

We all must have read in biology class that when a man's sperm (sperm) and a woman's egg (egg) meet, then an embryo is...

Farmers Are Earning Lakhs By Doing Makhana Farming; It Is Also Very Beneficial For Health

Fox Nut: In today's era, it is discussed a lot in two factors. One considers it a super food; two are the other class...

Deepak Hooda Out Of Africa Series, These Three Players Included In Team India

Deepak Hooda IND vs SA Series: The Indian team has to play a three-match T20 series against South Africa in their own home. After...

Satish Kaushik’s Entry Into Kangana’s ‘Emergency’ Will Play, The Role Of This Leader

There is a constant buzz about Kangana Ranaut's film Emergency. Kangana plays the role of Indira Gandhi in this film. She is also directing...