Hike on Tobacco Tax, reduce affordability and increase revenue - Youth, Doctors, Welfare Association groups to GST council
"Urging the GST Council to increase compensation cess on all tobacco products" Nada Young India Network along with doctors and citizen welfare associations are urging the GST Council to increase compensation cess on all tobacco products to generate additional revenue for the Government. In their appeals to the GST council before its meeting on 17th September, they are urging it to consider an extraordinary measure of levying compensation cess on all tobacco products to get additional revenues. This tax revenue from tobacco could significantly contribute to the increased need for resources during the pandemic including vaccinations and augmenting the health infrastructure to prepare for a possible third wave. According to the group, increasing tobacco taxes in these challenging times will be a WIN-WIN policy as it can address the economic shock from COVID-19 pandemic and directly reduce COVID 19 related co-morbiditie...