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India raises tax on cigarettes

Reuters  |  NEW DELHI 

(Reuters) - has raised the total on 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, minister said.

The higher rate will be effective from July 18, Jaitley told reporters in on Monday.

The new rate is part of a new Goods and Service (GST) unveiled on July 1 in the country's biggest reform in the 70 years since independence.

After GST was rolled out, initially became cheaper because the total burden had come down by about 6-7 percent. The was increased after an uproar from anti-tobacco and several health groups.

($1 = 64.3400 Indian rupees)

(Reporting by Aditi Shah. Editing by Jane Merriman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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