Ex-CBIC Chief Najib Shah Warns Machine-Based Tobacco Tax May Uncover Old Enforcement Challenges
economy
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CNBC TV18•01/12/2025
Ex-CBIC Chief Najib Shah Warns Machine-Based Tobacco Tax May Uncover Old Enforcement Challenges
- •Machine-based tax on tobacco may lead to enforcement issues.
- •Finance Minister introduced bills to overhaul tax on sin goods.
- •New tax system requires frequent factory inspections.
- •Steep tax rates expected after GST Council's indication.
- •New cesses will raise excise duty and GST burden on tobacco.
Why it matters: This story affects tobacco prices and government revenue, impacting consumers and state funds.
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