LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Use GST to curb illegal cigarette trade, tobacco body says

The institute, a body representing interests of legal cigarette makers such as ITC, Godfrey Philips and VST, also said the government must also consider the plight of distressed tobacco farmers.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Use GST to curb illegal cigarette trade, tobacco body says
According to FICCI, cigarettes are among the top five smuggled goods in India. Photo: IANS
Written By: PTI
Updated: Thu, Mar 30, 2017
03:05 pm
New Delhi, PTI
RELATED NEWS
New GST rate cut to ease WPI inflation ahead; here's how New GST rate cut to ease WPI inflation ahead; here's how
Hawala transactions rising due to GSTN software: WB min Hawala transactions rising due to GSTN software: WB min
Budget FY19: Will there be any change in GST? Budget FY19: Will there be any change in GST?
India Inc may get relief in GST transition credit in Budget 2018 India Inc may get relief in GST transition credit in Budget 2018
Tax payers can see status of returns filed on GSTN portal Tax payers can see status of returns filed on GSTN portal

The GST is an unique opportunity for the government to address the growing illegal cigarettes trade in the country, according to Tobacco Institute of India (TII).

The institute, a body representing interests of legal cigarette makers such as ITC, Godfrey Philips and VST, also said the government must also consider the plight of distressed tobacco farmers.

"GST presents a unique opportunity to government to address the growing illegal cigarette trade in the country," said TII Director Syed Mahmood Ahmad.

This would also help "distressed tobacco farmers, the legal cigarette industry and also inject buoyancy in revenue collection from this sector," it added.

TII represents leading cigarette manufacturers accounting for more than 98 per cent of the country's domestic sales of duty paid cigarettes.

Yesterday, the Lok Sabha approved four legislations for GST. The Centre has set the target of July 1 to roll out the Goods and Services Tax (GST).

"Indeed in recent months and as credit to the enforcement agencies, the incidence of seizures of smuggled cigarettes, as reported in the media, has seen a sharp spurt in different parts of the country," it said.

According to a recently released FICCI Report, cigarettes are among the top five smuggled goods in the country with far reaching impact on various stakeholders including the government, domestic industry and society at large, TII added.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
GST BillGoods and Service TaxGST bill on tobaccoTobacco Institute of IndiaSyed Mahmood AhmadFicciITCGodfrey PhillipsVST IndustriesTOBACCO FARMERSEconomyTobacco and cigerrates
RELATED NEWS
New GST rate cut to ease WPI inflation ahead; here's how New GST rate cut to ease WPI inflation ahead; here's how
Hawala transactions rising due to GSTN software: WB min Hawala transactions rising due to GSTN software: WB min
Budget FY19: Will there be any change in GST? Budget FY19: Will there be any change in GST?
India Inc may get relief in GST transition credit in Budget 2018 India Inc may get relief in GST transition credit in Budget 2018
Tax payers can see status of returns filed on GSTN portal Tax payers can see status of returns filed on GSTN portal

LATEST NEWS

Telangana SSC Inter Exams News: Class 10 SSC exam CANCELLED, Class 12 inter exam POSTPONED in the state - check all details here

CBSE class 10 promotion criteria, class 12 board exam dates and will ICSE Class 10, 12 exams be postponed?—All you need to know

HDFC Securities pegs 14800 target on Nifty, Immediate support is at 14520

Taarak Mehta Ka Ooltah Chashmah fee per episode: Dilip Joshi, Munmun Dutta, Shailesh Lodha, Mandar Chandwadkar, Amit Bhatt—how much they earn

Free Fire OB27 update released in India: Check how to APK download link, new map, characters and more

Strong fundamentals, valuations make Indo Borax and Chemicals Sandeep Jain's favourite

Odisha Board Exam 2021 News: Class 10 class 12 board exams POSTPONED, class 9 and 11 students to get PROMOTED WITHOUT EXAMS

New Covid 19 office guidelines for central government employees: Check fresh notice by MHA

Alert! WhatsApp status flaw allows stalkers to track users online? Check all details here

TOP Gainer on Nifty, Wipro shares zoom nearly 10% on strong results, Sharekhan pegs target at Rs 510

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved