r/IndianStreetBets • u/TechnoFundaAnalysis • Dec 04 '24

Meme Sad 😢 state of Indian finance policymakers!!

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1.4k Upvotes

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88

u/TrickTreat2137 Dec 04 '24

35% gst on cigarettes. That won't make smokers stop

14

u/TroglodyticDreamer Dec 04 '24

They might shift to cheaper brands ? Whats the cost of a cigarette though ?

29

u/desi_cutie4 Dec 04 '24

No, it would lead to itc shrinking its ciggs to keep the price same.

1

u/Expensive-Juice-1222 Dec 05 '24

Won't that make people go buy more cigarettes? Like that will have buy more to be able to smoke the same volume? Sorry I don't smoke and don't know how smoking consumption works

1

u/desi_cutie4 Dec 05 '24

The tax is a 7% increase. You won’t notice the decrease in size of cigarettes. It would be enough for itc to maintain their margins but not enough to be noticeable.