GST Council likely to consider strict measures to trace curb tax evasion by pan masala gutka company
The GST Council is likely to take up a GoM report proposing strict measures to trace and curb tax evasion by pan masala & gutka companies. These measures include levying GST on installed capacity basis or levying GST on raw materials on a reverse charge mechanism
With these measures, the government is trying to curb the consumption of gutka. This could lead to some tobacco consumption shifting from gutka to cigarettes eventually benefiting cigarette companies like ITC and VST Industries
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