The average annual revenue collection, including GST and excise duty, from tobacco products stands at about Rs 53,750 crore, Finance Minister Nirmala Sitharaman told the Rajya Sabha. She also said that many NGOs and consumer education forums have suggested to increase levies on tobacco products considering the health impact. GST rates on goods are fixed on GST Council's recommendations, she added.
The average annual revenue collection, including GST and excise duty, from tobacco products stands at about Rs 53,750 crore, Finance Minister Nirmala Sitharaman told the Rajya Sabha. She also said that many NGOs and consumer education forums have suggested to increase levies on tobacco products considering the health impact. GST rates on goods are fixed on GST Council's recommendations, she added.