Use GST to curb illegal cigarette trade, tobacco body says

Bs_logoImage
Press Trust of India New Delhi
Last Updated : Mar 30 2017 | 2:48 PM IST
The GST is an unique opportunity for the government to address the growing illegal cigarettes trade in the country, according to Tobacco Institute of India (TII).
The institute, a body representing interests of legal cigarette makers such as ITC, Godfrey Philips and VST, also said the government must also consider the plight of distressed tobacco farmers.
"GST presents a unique opportunity to government to address the growing illegal cigarette trade in the country," said TII Director Syed Mahmood Ahmad.
This would also help "distressed tobacco farmers, the legal cigarette industry and also inject buoyancy in revenue collection from this sector," it added.
TII represents leading cigarette manufacturers accounting for more than 98 per cent of the country's domestic sales of duty paid cigarettes.
Yesterday, the Lok Sabha approved four legislations for GST. The Centre has set the target of July 1 to roll out the Goods and Services Tax (GST).
"Indeed in recent months and as credit to the enforcement agencies, the incidence of seizures of smuggled cigarettes, as reported in the media, has seen a sharp spurt in different parts of the country," it said.
According to a recently released FICCI Report, cigarettes are among the top five smuggled goods in the country with far reaching impact on various stakeholders including the government, domestic industry and society at large, TII added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

You’ve hit your limit of 5 free articles this month.
Subscribe now for unlimited access.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 30 2017 | 2:48 PM IST