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GST OVERHAUL CIGARETTES
ITC, Godfrey Phillips, other cigarette stocks jump up to 13% amid reports of price hikeCigarette company shares saw a significant jump on Friday. This surge followed reports of price increases, with firms like ITC, Godfrey Phi...
ITC investors alert: What does a hike in statutory tobacco taxation in Budget fineprint revealITC shares fell nearly 3% during the Budget-day session as investors reacted to the December cigarette tax overhaul kicking in from Februar...
ITC investors lose Rs 1 lakh crore after tax shock. Is there more pain in Budget 2026?ITC's market value has dropped significantly following a recent tax hike on cigarettes. Investors are now looking to the upcoming Budget fo...
Higher excise, health cess to kick in on tobacco products, pan masala from February 1New taxes on cigarettes, tobacco, and pan masala begin February 1. This marks a major tax change for these products. Excise duties and a he...
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 collection for September rises 9.1% to Rs 1.89 lakh croreIndia's GST collections surged to Rs 1.89 lakh crore in September, marking a 9.1% annual increase. Concurrently, the GST Council rationaliz...
GST collections may dip initially, but festive demand will offset: CBIC chiefIndia's CBIC anticipates a temporary dip in GST collections post the September 22 overhaul, as businesses utilize accumulated ITC. However,...
Not all are winners in India's GST 2.O regime. These stocks are losing alreadyIndia’s GST overhaul introduces 5%, 18%, and 40% slabs, boosting consumption and aiding FMCG, auto, and insurance sectors. Coal, luxury goo...
GST rate cuts done, but market guru Nilesh Shah has a 4-5 times bigger worry than Modi's 'diwali gift'Nilesh Shah welcomes the GST slab simplification but cautions about the bigger challenge of household savings being diverted into speculati...
GST Council approves highest tax rate of 40% on these goodsThe GST Council has approved raising taxes on sin goods to 40% as part of a broader GST 2.0 overhaul, simplifying the tax structure to two ...
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...
Congress terms GST overhaul 'GST 1.5'; says wait for 'true GST 2.0' continuesThe Congress party has criticized the GST Council's overhaul of the GST regime, calling it "GST 1.5" and questioning its ability to stimula...
GST 2.0 with two-slab structure to roll out from September 22India's GST framework is undergoing a significant overhaul, set to begin on September 22nd, simplifying the existing four slabs into a two-...
GST Council defers rollout of 40% tax on tobacco and pan masalaThe Goods and Services Tax Council decided on GST 2.0. The new tax overhaul will be live from September 22, 2025. A simplified two-slab sys...
Insurance stocks in focus as GoM proposes to exempt GST on premiumsInsurance stocks like SBI Life and HDFC Life will be in focus after a GoM proposed exempting GST on individual health and life insurance pr...
Pan masala makers to pay Rs 1 lakh penalty from October 1 for failure to register machines with taxmenThe Central Board of Indirect Taxes and Customs (CBIC) on August 6 notified October 1, 2024, as the date for levy of up to Rs 1 lakh penalt...
GSTN rolls out form for tobacco manufacturers to report inputs, outputs to tax authoritiesThe GST Network (GSTN) has introduced a new form, GST SRM-II, for manufacturers of pan masala and tobacco products to report inputs and out...
GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authoritiesThe GST Network (GSTN) has introduced an online facility for manufacturers of pan masala, gutkha, and similar tobacco products to register ...
Govt allows tobacco cos to fill their monthly returns through special procedure till May 15Government extends CBIC's new procedure deadline for pan masala and tobacco product manufacturers till May 15 to improve GST compliance, fa...
Finally, GST is coming in July: A primer on India's biggest tax reformThe GST will replace nearly a dozen central and state levies into a single national sales tax. It will make the movement of goods cheaper.