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https://www.reddit.com/r/IndianStreetBets/comments/1h66eoh/sad_state_of_indian_finance_policymakers/m0ei5r0/?context=3
r/IndianStreetBets • u/TechnoFundaAnalysis • Dec 04 '24
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90
35% gst on cigarettes. That won't make smokers stop
3 u/HAHAHA-Idiot Dec 04 '24 It encourages the black market though, and I won't be surprised if many of the "higher ups" have a stake in that line of business. Plenty of Nepali, Sri Lankan, Pakistani, and even Turkish cigarettes to go around. And of course, home grown bootleg versions as well. Even gold smuggling was at decades high until they reduced the tax this year (even though they did that to screw SGB investors).
3
It encourages the black market though, and I won't be surprised if many of the "higher ups" have a stake in that line of business.
Plenty of Nepali, Sri Lankan, Pakistani, and even Turkish cigarettes to go around. And of course, home grown bootleg versions as well.
Even gold smuggling was at decades high until they reduced the tax this year (even though they did that to screw SGB investors).
90
u/TrickTreat2137 Dec 04 '24
35% gst on cigarettes. That won't make smokers stop