Taxation

Cigarettes, gutkha prices likely to rise as new excise and health cess kick in

A health and national security cess and excise duty on pan masala and tobacco products respectively will be over and above 40 per cent Goods and Services Tax (GST) rate, while in case of ‘biris’ it would be on top of the 18 per cent GST rate effective February 1, 2026

Updated 20 hours ago

GST value will be determined based on retail sale price on the package. REPRESENTATION PIC/ISTOCK

TMC accuses Sitharaman of misleading Rajya Sabha during excise bill debate

TMC Rajya Sabha Deputy Leader Sagarika Ghose accused Finance Minister Nirmala Sitharaman of misleading the House on West Bengal during the Central Excise (Amendment) Bill, 2025 debate. The party staged a walkout, calling it a “murder of constitutional democracy”

Updated 29 days ago