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GST CHANGES ON CIGARETTES
No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...- Godfrey Phillips India shares rocket 31% in just 3 sessions! Here’s what’s fuelling the rallyGodfrey Phillips India shares are surging. Companies are raising cigarette prices to cover higher costs, in light of the new tobacco tax re...
- Godfrey Phillips, ITC and other cigarette stocks surge up to 20%. What’s driving the rally?Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd jumped rose sharply on Wednesday after reports of cigarette makers rai...
- Classic, Gold Flake or Marlboro: How your cigarette bills may get costlier from February 1From February 1, 2026, cigarettes will cost more -- and it’s not just the brand that matters. Short sticks see smaller hikes, but king-size...
- GST on mobile phones after reforms: Will your next phone get cheaper?India's GST revamp, effective September 22, simplifies tax slabs to boost spending, but mobile phones remain taxed at 18%, despite industry...
- Explained: Why ITC shares jumped after GST overhaul hit cigarettesITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially bene...
- Tobacco prices set to rise 5–6% as GST council clears 40% slabTobacco products may become more expensive. The GST Council increased tax on items like cigarettes and pan masala. The new GST rate will li...
- GST rate cut: What's in store for 36 lakh ITC shareholders? Jefferies analysts decodeITC shares have delivered no returns in two years amid GST, BAT stake sale, and Marlboro concerns. Jefferies expects revenue-neutral GST ch...
- ITC shares fall 3% as GST on cigarettes may be hiked to 35%ITC share price: Shares of companies like ITC and Godfrey Phillips fell as the GoM decided to increase GST on tobacco and aerated beverages...
- ITC shares rally nearly 10% in 2 sessions to cross Rs 500 markITC's shares soared nearly 10% in 2 days, surpassing Rs 500 and hitting a record Rs 510.60 on BSE. A 5% jump followed after the government ...
- ITC shares jump 5% as cigarettes escape tax shocks in BudgetWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies NCCD on cigarettes, subject...
- ITC shares may remain range-bound till final Budget after election"While ITC trades at reasonable valuations (26x FY25e EPS), we expect the stock to remain range-bound, given near-term volume moderation (c...
- Budget key event for ITC; NCCD hike of less than 5% positive for stock: JefferiesThe upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in n...
- Sale of single cigarettes to be banned by Parliament to reduce tobacco consumptionEmphasizing the side effects of tobacco, the Standing Committee has proposed a ban on the sale and production of all single cigarettes to t...
- ITC, Godfrey Phillips, VST Industries rally as cess on cigarettes remain unchangedThe country’s largest cigarette maker ITC surged by 3.8% on Monday.
- Budget 2018: Cigarette industry heaves a sigh of relief after six yearsAn industry executive said the tobacco industry was expecting no changes in the taxation rate in the Budget since after the introduction of...
- Tobacco stocks rebound after sharp plungeThe stock of ITC made a positive opening and gained 2.56 per cent to Rs 291.90 on the BSE.
- Rs 50,000 crore goes up in smokeData from Bloomberg show a 16 per cent drop in the buy recommendations from analysts.
- Current knee-jerk reaction a good point to enter ITC: Amnish Agarwal, Prabhudas LilladherA lot has come in this quarter but we need to watch out what happens in the coming quarters.
- Government has last laugh on GST cigarette issueThe ITC stock surged to a record high two weeks ago after the announcement that overall GST rates were reducing the overall tax incidence o...
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