Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?
- Posted on December 20, 2024
- By Business News Today
- 3 Views
Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?
The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on sin goods like tobacco and aerated drinks is under consideration. This could hike prices. India's tobacco taxes are below the WHO's recommended 75% of retail price.
