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GST CIGARETTES
ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain aheadITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Bro...- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- FMCG sector set for steady Q4 on rural demand and volume growthThe FMCG sector anticipates a steady March quarter, buoyed by stable rural demand and urban recovery, despite subdued pricing in some segme...
- GST at 40%: Cigarettes turn into India’s costliest status markerSmoking is now a sign of wealth in India. Higher taxes make cigarettes expensive. This makes lighting up a cigarette a display of disposabl...
- Cigarette prices jump as new excise regime kicks in, stoking smuggling fearsCigarette prices have significantly increased following a new excise duty. This tax hike, the first in seven years, aims to align India's t...
- ITC, Godfrey Phillips shares crack up to 19% on New Year’s Day. What’s the bad news?Tobacco stocks like ITC and Godfrey Phillips saw significant drops on Thursday. This follows the finance ministry's notification of an addi...
- 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...
- Smokey Affair: GST on cigarettes, tobacco products may be raisedIndia is considering raising the GST on cigarettes and tobacco products to 40% and adding an additional excise duty after compensation cess...
- 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...
- GTC seeks to intervene in DRI case against exporter Golden TobieThe federal agency, in an affidavit seeking dismissal of the company’s petition, said its investigation found that the petitioner doesn’t h...
- GST officers arrest one for Rs 129 crore tax evasion through illegal manufacture, supply of cigarettesInvestigation conducted across Delhi and Haryana revealed that Sharma manufactured and supplied cigarettes under his registered brands 'Nid...
- Budget 2019: FAIFA urges government to correct cigarette taxation error to lessen burdenCigarettes account for 86% of revenue from tobacco taxation, while the contribution to tax collections from beedi and smokeless tobacco are...
- Higher tax on cigarettes keeps industry under pressure: ITCThe cumulative growth in tax incidence on cigarettes, after cognising for the latest increase in cess rates, stands at 202 per cent in last...
- Additional tax on cigarette would exacerbate legal sales: ITC"The additional tax burden caused by the increase in compensation Cess rates...will exacerbate the pressure on the entire legal cigarette v...
- Cigarette industry body wants GST Council to roll back tax increaseThe GST Council at its meeting on Monday increased the compensation cess rate on various segments of cigarettes ranging from Rs 485 to Rs 7...
- GST Council raises cess on cigarettes to fix anomaly under GSTWhile reduction in tax incidence on items of mass consumption would be welcome, it would be unacceptable in case of demerit goods like ciga...
- 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...
- Budget 2012: Maintain tax stability in excise rates for cigarette/tobacco industry, says FICCIExcise Duty rates should be kept unchanged to leverage the tax efficiency of cigarettes by encouraging shifts from non-cigarette forms of c...
- Cigarette taxes are discriminatory: Kurush GrantDiscriminatory taxes on cigarettes have not helped reduce the tobacco consumption in the country, says ITC divisional chief executive (toba...
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