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First Pay “Sin Tax” Then Smoke And Drink

Oct. 26 Economy Comments

[New Delhi]First Pay ‘Sin Tax’ Then Drink And Smoke .Yes Smoking And Drinking Alcohol Are Sins But Can Be Committed With Paying Tax To Govt These Taxes Are To Create Distance From Such Sins
As Per Sources Alcohol and tobacco industries will have to pay more taxes towards an additional ‘sin tax’ under the proposed GST structure that seeks to bring in a uniform indirect tax regime across the country.
‘Sin tax’ is a globally prevalent practice under which products like alcohol and tobacco attract higher rates of tax.
‘sin tax’ is an excise tax that is levied on products and services considered to be bad for health or society such as alcohol, tobacco and gambling. These additional taxes are also seen as efforts to discourage people from use of such products or services.
GST is being seen as one of the biggest tax reforms in the country. While the Constitution Amendment Bill to roll out the law has been passed in Lok Sabha, it is awaiting clearance from the Rajya Sabha where the ruling NDA lacks a majority.
The government is meanwhile undertaking the preparatory work necessary for GST implementation, which will subsume various taxes like excise, service tax, sales tax, octroi, etc, and will ensure a single indirect tax regime.

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