GST Authorities Uncover Rs 104 Crore Tax Evasion In Illicit Tobacco Trade, 61 Cases Detected in Q1

‘Given the high incidence of taxation on cigarettes, the resulting revenue loss is massive. High tax rates create a premium on evasion and place an enormous burden on enforcement agencies to check it. With the government now preparing to simplify GST, this is a golden opportunity to moderate taxes on high-margin products, reduce the incentive for smuggling, and curb the growth of illicit trade,’ he said.