You are here: Home » Reuters » News
Business Standard

India raises tax on cigarettes

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India has raised the total tax on cigarettes resulting in an increase of as much as 792 rupees ($12.31) for every 1,000 cigarettes, adding about 50 billion rupees ($777 million) in revenues for the government, finance minister Arun Jaitley said.The higher rate will be effective from July 18, Jaitley told reporters in New Delhi on Monday. The new tax rate is part of a new Goods and Service Tax (GST) unveiled on July 1 in the country's biggest tax reform in the 70 years since independence.After GST was rolled out, cigarettes initially became cheaper because the total tax ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, July 17 2017. 21:54 IST
RECOMMENDED FOR YOU