By Admin 
Higher Tax On Cigarettes: If you smoke cigarettes, the warning written on the packet is not just limited to health, but now it is directly affecting your pocket as well. Cigarettes are also among the products that have been given the biggest blow in the budget presented by the government on February 1. After increasing the tax on tobacco products, there has been a sharp increase in the prices of cigarettes.
cigarette will burn your pocket
After the new rates, cigarettes of most brands which were earlier available for Rs 10, will now be sold for at least Rs 20 to 25. At the same time, the prices of premium cigarettes have increased even more, due to which the habit of smoking has become more expensive than before. Such a huge tax increase on cigarettes has been made after almost seven years.
The government argues that it was necessary to bring the tax imposed on tobacco in line with global health standards. Along with this, the government also aims to discourage people from smoking, so that its side effects can be reduced. The budget has introduced a new tax system for cigarettes and tobacco products, which will replace the GST compensation system, which was implemented in July 2017.
Why such a huge tax on cigarettes??
In fact, Parliament had cleared the way for this new tax system in December, when it approved imposing higher taxes on cigarettes and other tobacco products. Now it has been implemented through the budget, whose direct impact is visible on the prices and this step reflects the government’s strategy related to both health and revenue.
Whereas, the price of 76 mm cigarette is expected to be Rs 50 to 55 per pack. But it depends on that brand. Now the final price will depend on the revised price of cigarettes by the companies.
Also read: From taxpayers to investors and consumers… who will benefit and who will be shocked by Budget 2026?