FM introduces bills in Lok Sabha to levy duties, cess on tobacco, pan masala

Contributing sentiments towards policy:

50% : Additional levies on tobacco, pan masala and cigarettes will ensure that the total incidence of tax on these items remains the same once the GST rate of 40% on sin goods, as per the new rates announced in GST 2.0 are implemented after the loans are discharge.
42% : "With the introduction of the Goods and Services Tax (GST) on 1st July, 2017, the Central Excise Act, 1944 was repealed by section 174 of the Central Goods and Services Tax Act, 2017, except in respect of goods listed under Entry 84 of List I of the Seventh Schedule to the Constitution.
41% : With the levy of GST and compensation cess on tobacco and tobacco products, the rates of Central Excise duties were reduced significantly to allow for the levy of compensation cess without large impact on their tax incidence," said a note on the The Central Excise (Amendment) Bill, 2025.

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