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GST IMPACT ON TOBACCO
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...01 Jan, 2026, 02.20 PM IST- New GST rates: You missed the deals that may not return nowIndia's GST Council has introduced GST 2.0, cutting rates on essentials to boost consumption before Diwali, while increasing taxes on luxur...22 Sep, 2025, 02.35 PM IST
- Govt to monitor GST rate cuts to ensure relief reaches common man: MinisterThe finance ministry will closely monitor the implementation of reduced GST rates to ensure the relief reaches the common man, according to...05 Sep, 2025, 12.32 AM IST
- 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...04 Sep, 2025, 11.53 AM IST
- 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...03 Sep, 2025, 11.56 PM IST
- How Budget 2025 can walk the tightrope of India's 'sins'Sin Tax Budget 2025: India’s plan to become a developed nation by 2047 requires a healthy workforce, but over 1% of GDP is lost to cigarett...28 Jan, 2025, 02.58 PM IST
- Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on ...20 Dec, 2024, 03.25 PM IST
- Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%Varun Beverages share price: Shares of Varun Beverages fell by 5.2% as the Group of Ministers proposed raising the GST rate on aerated drin...03 Dec, 2024, 10.45 AM IST
- Govt specifies retail sale price based GST cess rate for pan masala, tobaccoPan masala, containing tobacco gutkha, now has a cess rate of 0.61 times the RSP, while the rate for smoking mixtures for pipes and cigaret...09 Apr, 2023, 03.13 PM IST
- View: There is a need for high taxes uniformly across all tobacco productsHigher taxes will work in tandem with greater controls, and will help GoI pay for all the direct and indirect costs it incurs due to tobacc...20 Jan, 2021, 11.03 PM IST
- The GST cess shortfall – does tobacco hold the key?Tobacco is taxed at the highest slab of GST at 28 percent, being ‘sin goods’ and further attracting levies of additional duties like NCCD. ...22 Aug, 2020, 02.39 PM IST
- Assocham, KPMG warn against sharp anomalies in GST ratesThe paper said differential rates are leading to ambiguity and complexity in determining the value on which service tax is payable,.03 Nov, 2016, 01.28 AM IST
- Remove anomalies across sectors before GST rollout: ReportFor the telecom sector, the paper cautioned that GST may negatively impact the working capital cost since initial landed price of purchases.02 Nov, 2016, 04.35 PM IST
- 'Sin Tax' on tobacco below 40% to have negative impact: Voluntary Health Association of AssamVHAA demanded at least 40 per cent sin tax with a provision for states' right to impose top-up taxes on all types of tobacco, like cigarett...02 Nov, 2016, 12.54 AM IST
- Sin tax on cigarettes to hit margins; factories could shut down as volume shrinks: YC Deveshwar, ITC"It is the cigarettes that account for 85% of revenue to the exchequer. That count has shrunk from being 22%-23% of the industry to 11% now...16 Dec, 2015, 11.29 AM IST
- Proposal of 40% GST on aerated drinks, tobacco could severely hit both sectorsExisting excise duty levied on the Rs 14,000-crore soft drink industry, comprising mainly of Coca-Cola and PepsiCo, is 18%.05 Dec, 2015, 02.39 AM IST
- 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...28 Sep, 2009, 12.52 AM IST
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