Auto, electronics dealers pull plug on festive stockIndian automobile and electronics dealers are being careful before the festival season. They anticipate a Goods and Services Tax cut. Deale...
27 Aug, 2025, 05.30 AM IST
The country that made smoking sexy is breaking up with cigarettesFrance is set to implement a sweeping smoking ban in outdoor public areas, including beaches and parks, where children are present, marking...
31 May, 2025, 01.27 PM IST
Centre amends finance bill to change taxation on tobacco, pan masalaThe centre on Friday proposed an amendment in the Schedule of the GST (Compensation to States) Act, 2017in the finance bill which capped th...
25 Mar, 2023, 07.44 PM IST
Income tax dept detects Rs 335-cr black money after raids on Pune tobacco group"Total undisclosed income amounting to Rs 335 crore has been detected so far," CBDT said. The group is based in Pune's Sangamner area and i...
22 Feb, 2021, 04.17 PM IST
GST Evasion: Taxmen raid tobacco dealers, slap Rs 2.4 cr in taxes, penaltyThe Karnataka Commercial Taxes department has conducted a series of raids on undeclared warehouses of tobacco and pan masala products and l...
13 Jul, 2020, 09.27 PM IST
GST intelligence detects Rs 225 crore tax evasion, busts illicit pan masala manufacturers in IndoreThe total duty implication in this fraud is estimated to be around Rs 400 crore, the statement issued by the DGGI said.
13 Jun, 2020, 03.52 PM IST
5 lakh businesses opt for composition scheme under GST: Hasmukh AdhiaThe figure of dealers opting for composition in GST is 5.12 lakh up to 30th (July). The last date for opting is August 16," Revenue Secreta...
31 Jul, 2017, 02.36 PM IST
Businesses opting for low-tax composition scheme will have to declare soComposition scheme norms specify that the entity has to mention the words 'composition taxable person, not eligible to collect tax on suppl...
12 Jul, 2017, 12.50 AM IST
CNG, alcohol, tobacco set to become dearer in DelhiThe Delhi Value Added Tax Bill seeks to "make enabling provisions for levy of VAT in respect of goods enlisted in the 4th Schedule at diffe...
30 Jun, 2015, 11.25 AM IST
ITC cracks 4% as Maharashtra bans sale of loose cigarettesAccording to analysts, the decision is unlikely to have major impact on ITC’s stock price due to lower valuations.
02 Jun, 2015, 04.10 PM IST
Sri Lanka passes bill to protect victims of crimes and the witnessesFormer president Mahinda Rajapaksa's government had been contemplating to introduce the bill under international pressure.
21 Feb, 2015, 01.22 PM IST
- WB government takes steps to rationalise tax administration system
West Bengal govt has taken a number of steps to rationalise the tax administration system, commissioner of commercial taxes, West Bengal, B...
04 Sep, 2013, 08.26 PM IST
- Ban on plastic gutka pouches causing job losses in Kanpur
The ban on sale of tobacco products in plastic sachets beyond March 1, will severely hit the industrial city's Rs 400-crore gutka industry ...
21 Feb, 2011, 04.24 PM IST
- Cigarette price rise inevitable: ITC
ITC Ltd today said that hike in cigarette prices was inevitable due to imposition of excise duty on tobacco in the Union Budget for 2010-11.
06 Mar, 2010, 01.07 PM IST
- Heard on the Street
MPHASIS shares fell over 8% to close at Rs 673.35 on Thursday despite better-than- expected quarterly numbers that the IT services firm ann...
26 Feb, 2010, 02.13 AM IST
- Godfrey will soon sell Marlboro in India
Cigarette company Godfrey Phillips India (GPI) — the joint venture company between the KK Modi Group and international tobacco giant Philip...
10 Jun, 2009, 01.00 AM IST
- CBEC lines up audit checks on distributors
Dealers and distributors of companies are under a cloud for excise evasion. The Central Board of Excise and Customs (CBEC) has instructed i...
28 May, 2008, 02.33 AM IST