Abhishek Jain, Head of Research at Arihant Capital Markets, described ITCs situation as a "double whammy," pointing out that the existing 28% GST combined with higher excise duties has effectively moved cigarettes towards a 40% tax regime
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It is not obligatory, but it is courteous and aligns with the idea of showing respect to Allah and the community
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Currently, smoking a pack of 20 a day costs more than $8300 a year. Toi Te Ora - Public Health Service is encouraging smokers to quit for good and free up money to spend on quality food and healthy fruit and vegetables instead
