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TOBACCO GST NEWS
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...- 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...
- 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 slides to three-year low as tobacco excise hike prompts brokerage downgradesITC shares plummeted to a three-year low following a government excise duty hike on tobacco products. Brokerages downgraded the stock, citi...
- Smoking will burn a bigger hole in your pocket now as govt imposes new excise duty on tobaccoCigarette prices in India are set to rise by up to 20% from February due to a sharp increase in excise duty, hitting premium large sticks t...
- 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...
- 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...
- Major GST reset on the cards? Council mulls scrapping 12% slab, lowering tax on insurance, says reportThe GST Council is preparing for a major review, potentially reshaping tax rates on consumer goods and addressing the compensation cess arr...
- Cigarette stocks ITC, Godfrey Phillips, VST down up to 4%. Here's whyFollowing the news, VST Industries shares fell 4% to day's low of Rs 287.20, Godfrey Phillips stock fell about 4% while ITC fell over 2% to...
- Beverage association say taxation "a bottleneck at all levels"The Indian Beverage Association (IBA) expressed concerns over a potential GST rate hike on aerated drinks. Currently, these beverages face ...
- Cigarettes, tobacco items, aerated beverages may attract higher 35% GST; decision on Dec 21Tobacco GST Hike: The Group of Ministers on GST rate rationalisation decided to increase tax on aerated beverages, cigarettes, and tobacco ...
- 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 ...
- 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...
- GST Council's fitment committee rejects rate cut on over dozen items; defers call on uniform cess on tobacco productsThe Fitment Committee of goods and services tax (GST) Council has recommended exempting powdered millet from GST when sold in loose form, w...
- Another cess coming? GST Council may approve imposition of Sugar cessImposition of Sugar cess could mean that not just sugar, but prices of products like sweets, confectioneries, chocolates etc. which use sug...
- The top 2 NBFC picks from Mehraboon Irani“I am advising my clients also to be remain invested in NBFCs”
- Market Now: ITC, Goa Carbons hit fresh 52-week highIn the Nifty50 pack, 29 stocks were trading in green, while 22 stocks were in red.
- Buzzing stocks of the week: Buffett link lifts Rupa; liquor, cigarette stocks get highThe BSE Sensex gained 702.76 points, or 2.42 per cent, for the week to settle at 29,648 on Friday. The Nifty50 surged 225 points, or 2.52 p...
- If the tax on cigarettes goes up, then the prices will go up: KK Modi, Godfrey PhillipsIn an interview with ET Now, KK Modi, Godfrey Phillips, speaks about the possible impact of the GST on tobacco product prices.
- GST row: Uttar Pradesh on board, MP and Rajasthan ditherWhile Yadav seems to have relented, concerns of CMs in BJP-ruled MP & Rajasthan may make arriving at a consensus on transition to the new G...
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