Tobacco Farmers Urge PM Modi to Review Steep Excise Duty Hike
FCV tobacco farmers from Andhra Pradesh urge PM Modi & CM Naidu to review a steep excise hike, fearing a severe livelihood crisis and price crash. Read their urgent appeal.
Category : Search result: tobacco tax hike impact
Karnataka Tobacco Farmers Protest New Central Excise Duty
Tobacco growers in Karnataka protest against the Central Excise (Amendment) Bill-2025, citing a massive tax hike that threatens their survival. They demand a rollback to protect farmer livelihoods.
145+ Nations Agree on Updated Global Minimum Tax Deal
More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.
How AI is Reshaping Tax Scrutiny in India
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
Tobacco Farmers in South India Protest Excise Duty Hike
Tobacco farmers in Karnataka and Andhra Pradesh warn the Central Excise (Amendment) Bill, 2025 will devastate livelihoods and boost illegal trade. Read their urgent plea to the government.
Mysuru Tobacco Farmers Worry Over Prices After Tax Hike
Mysuru tobacco growers face price uncertainty as new taxes on tobacco products loom. While current prices hover around Rs 320/kg, fears of a crash clash with hopes of a post-Sankranti surge to Rs 400/kg. Explore the market divide.
Tobacco Tax Hike Could Spur Smuggling, Warn Experts
A sharp increase in excise duty on cigarettes, effective Feb 1, 2026, may trigger a surge in illicit trade and cause revenue losses, experts caution. Read more.
Cigarette Prices to Rise from February 1
Cigarettes to cost more as new excise duty and 40% GST kick in from February 1. Check the new price slabs and tax changes for all tobacco products.
ITC stock target price cut 26% after tobacco tax hike
Major brokerages downgrade ITC and cut target price by up to 26% following a proposed sharp hike in taxes on tobacco products. The stock fell over 13% in two sessions. Read more.
Jaipur JMC fines vendors ₹2 lakh in tobacco crackdown
Jaipur Municipal Corporation launches a major drive against tobacco sales near schools, confiscates products and issues warnings. Read about the new enforcement rules.
AP Tobacco Farmers Protest Central Tax Hike
Thousands of tobacco farmers in Andhra Pradesh protest against the Centre's steep tax increase, warning it will destroy livelihoods and boost illegal smuggling. FAIFA demands a rollback.
Tobacco farmers protest tax hike, warn of smuggling surge
Thousands of tobacco farmers protest in Andhra Pradesh & Karnataka against a steep GST hike, warning it will crush livelihoods and boost illegal smuggling. FAIFA demands a rollback to revenue-neutral rates.
ITC shares hit 52-week low after cigarette tax shock
ITC shares tumble over 13% as a steep hike in cigarette taxes threatens volumes and profits. Analysts slash earnings forecasts and downgrade the stock. Read more.
ITC shares plunge 14% on steep tobacco tax hike
ITC shares hit a 3-year low after a steep excise duty hike on tobacco, eroding ₹72,300 crore in shareholder wealth. LIC faces a massive ₹11,460 crore loss. Key brokerages downgrade the stock.
Govt hikes excise duty on cigarettes; prices to rise from Feb 1
Cigarettes to get costlier as the Centre imposes additional excise duty from February 1. Find out how much more you'll pay for brands like Marlboro, Gold Flake, and others.
New GST Rates on Tobacco, Pan Masala Effective Feb 1
The GST Council has approved new tax rates for tobacco, pan masala, and other items from February 1. Learn about the revised compensation cess and its impact on prices.
Cigarette Prices to Rise 20% from February 1
Cigarette prices in India are expected to surge by up to 20% from February 1, 2025, following a significant increase in the National Calamity Contingent Duty. This move will impact major tobacco companies and consumers nationwide.
Billionaires flee California over proposed wealth tax
Top tech billionaires like Larry Page and David Sacks are leaving California to escape a proposed 5% wealth tax, potentially costing the state billions. Read about the exodus and its impact.
Govt Debunks 85% Tax on ₹10 Lakh Bank Transactions
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
India Eyes Higher Cigarette Tax to Match Health Impact
India considers calibrated excise duty hikes on cigarettes, citing current modest rates and significant fiscal and public health space for increase. Read the full analysis.
Tobacco Makers Must Install CCTV, Keep Footage for 24 Months
India mandates CCTV installation in tobacco factories from Feb 1, 2026. Footage must be preserved for 24 months. New excise rules also clarify duty on tins and other forms. Details inside.
Cigarettes, Tobacco Costlier from Feb 1 After Excise Duty Hike
Prices of cigarettes, bidis, and other tobacco products will rise from February 1, 2026, after the government imposes a new excise duty. Find out the latest tax rates and impact on consumers.
Tax Regime Choice Impacts Your Tax Outgo Significantly
With the new tax regime as default, choosing wrongly can lead to higher tax payments. Experts explain key factors like HRA, deductions, and documentation to consider for optimal tax planning in India.
ITC stock crashes 10% on new tobacco excise duty
ITC shares tumbled nearly 10% to a three-year low after the government announced a new excise duty on cigarettes. Analysts warn of price hikes and volume impact. Read the full analysis.
Cigarette, Gutkha Prices to Rise After Govt Excise Duty Hike
The Indian government has sharply increased excise duties on cigarettes and tobacco products from February 1, 2024. This move will lead to higher retail prices for consumers. Get all the details on the new rates and their impact.
Centre Raises Excise Duty on Cigarettes from Feb 1
The Indian government has increased the National Calamity Contingent Duty on cigarettes. Find out the new rates and the expected impact on prices and public health.
New Health & National Security Cess on Tobacco from Feb 1
The Centre introduces a new health and national security cess on tobacco, replacing the GST compensation cess from February 1. This tax overhaul aims to keep levies high and align with WHO benchmarks. Read more.
India's 2026 Tax Overhaul: Predictability & Tech at Core
India's 2026 tax landscape is set for a major shift towards predictability and technology. Explore the key reforms in Income Tax, GST 2.0, and dispute resolution that aim to build taxpayer trust.
2025 Tax Reforms: New Regime, Crypto Rules, GST Slabs
India's 2025 tax reforms reshaped personal income tax, GST, and crypto rules. Explore key changes in slabs, compliance, and the new Income-tax Act 2025. Read more.
Saudi Arabia's new sugar tax on beverages starts Jan 1
Saudi Arabia replaces its 50% flat tax with a four-tier excise duty based on sugar content from January 1, aiming to cut consumption. The UAE will implement a similar system in 2026. Read how this GCC health move affects prices.
Page 1 of 4