cigarette tax india imposes excise duty on cigarettes effective February 1 How India's tax system helps

How India's tax system helps heavily taxed cigarettes flourish India's Cigarette Tax Score is among the lowest compared to its peers & global average. according to @Tobacconomics by @JohnsHopkinsSPH. Its score reduced from 2.4 in 2016 to 1.5 in 2022. The Every 10 you spend on cigarettes in India, almost 5.8 of it is just for taxes Some studies suggest that increasing taxes on tobacco helps moderate its consumption among people Do you Out of Rs 100, what % of a cigarette's price is taxes? The range varies from over 80% in France and the UK to 37% in the US! #cigarette #taxation #indirecttax Shares of India's largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. Tap to read: https: www.hindustantimes.com business itc shares plunge most in six years after india raises

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