In the Union Budget 2023, the finance minister enhanced the tax on cigarettes by 16%. The tax levied on such items is higher than most products that you use on a daily basis and comprises a major portion of their prices.
Sweta Rajan, Partner, Economic Laws Practice (ELP) has been quoted in an article titled ‘Spotlight: Taxing sin – Budget 2023’ published by The Financial Express on this issue.
Read the article here: https://bit.ly/3JIppMj